Blood on the streets, 1.2 billion in settlements. But Bitcoin is holding up all in all. Ethereum and altcoin disaster.
There is some very interesting data that comes mainly from the market of derivatives are Bitcoin and more generally on what the crypto market is. 1 billion in liquidations, almost all long in sole 24 orean important figure that indicates how from last night’s FOMC onwards there has been a significant unloading of positions. And also a huge punishment for those who have exposed themselves excessively on the market.
Is it all over? In our opinion, the correction somewhat follows the economic picture that was photographed (and not necessarily anticipated) by the forecasts FOMC.
The central point is the removal of a cut for 2025 from the forecast. Previously it was believed that there were 3, now the FOMC indicates two. But there are other issues that should be analyzed, also starting from the data that arrived from the derivatives market. You can invest in Bitcoin both long and short with the $1,000 position that gives you BYBIT. Sign up, deposit $100 (which will remain yours) and receive the position for free. Only up Criptovaluta.it.
1.2 billion liquidations: what happens to the crypto and Bitcoin market?
Yes, now we can call it collapse. The market continues to suffer and cannot find good supports from which to restart. Bitcoin it drops below $98,000, but altcoins do even worse. As described here by Alex Lavarello Ethereum makes a messand the rest of the alt sector does even worse.
The numbers are shown here in the graph: the curious thing is that this was not the case Bitcoin to be affected by the majority of liquidations, despite being enormously more capitalized than the rest of the market, but precisely Ethereumthe shapeless set of Other, Dogecoinbut also Solana e XRPat higher ratios than their marketcap.
A clear signal: even in times of crisis Bitcoin continues to be the king of the market, a sort of safe haven (although still affected by the storm) compared to other assets that are still multiplying as risk on leveraged compared to stock market returns.
Where will we get to?
At least from a fundamental point of view, we do not believe that the picture has changed. The forecasts of FOMC (just go and look at the September ones), they are a snapshot of what came out of the latest data but they have terrible predictive power.
On the other hand, they are formulated by presidents of local central banks, who generally do not have a good nose for business or even for market trends. We wouldn’t be surprised to see 4 dot plots in 2025 telling four different stories.
As for the altwe can only remember the in-depth analysis of our director on building a portfolio that is more balanced. Those who mourn significant losses in this phase can use the slap taken by the markets as an opportunity to avoid being caught unprepared in the future.
