Market observation on the first day of December #数字资产市场观察

Yesterday, the entire crypto market experienced a significant pullback. Looking at the data from CoinGlass, there were over 270,000 liquidations globally in the past 24 hours, with the amount approaching $1 billion. Even more astonishing is that about 90% of these were long positions. Leverage is truly a double-edged sword.

It's not just the cryptocurrency market that is falling; traditional markets like the Nasdaq and S&P 500 are also adjusting. Crypto assets are inherently high-volatility products, and when the overall environment is unstable, they tend to drop even more sharply.

The logic behind it is actually quite complex. On one hand, there are rumors from Japan that they may raise interest rates in December, while on the other hand, although the Federal Reserve is likely to cut interest rates, the market is concerned that this is merely a symbolic action and will not initiate a real easing cycle. Being squeezed from both sides, risk appetite naturally declines.

There is indeed a piece of news worth paying attention to – it is said that Powell is about to resign, and the next chair of the Federal Reserve will be nominated by Trump. If this is true, it may bring about a more lasting expectation of interest rate cuts. For the crypto world, the return of liquidity is always a good thing.

$BTC and $ETH are currently hovering near key support levels, and the trend of $ADA is similar. In the short term, it may need to fluctuate to digest these macro signals.

BTC8.33%

ETH10.54%

ADA14.05%

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LayerZeroEnjoyer

· 3h ago

270,000 positions got liquidated directly breaking support, this is the fate of gamblers. --- Is Powell leaving? Then the crypto world might welcome dawn, just afraid it’s another false hope. --- Leverage is a double-edged sword? To put it bluntly, it’s a scythe, a scythe that plays people for suckers. --- BTC and ETH are hovering at the support level, I just want to know how many more days this support can hold. --- The macro signals are complex as hell, but in the end, it just means no one dares to build a position, waiting to see who breaks support first. --- A billion-dollar liquidation is indeed a face slap, over 90% of long positions deserve it. --- Japan is raising interest rates while the Fed is lowering them, getting squeezed from both sides is giving me a headache. --- Short-term fluctuations for digestion? Why does it feel like it’s going to take a month to digest? This pace is really enough. --- Trump nominates a new chairman, is the savior of the crypto world coming? Don’t joke around, let’s wait and see.

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just_another_fish

· 3h ago

270,000 Get Liquidated, how many suckers must be crying... Leverage is truly a devil.

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MidnightTrader

· 3h ago

270,000 liquidations, I just want to see how many people were directly liquidated, haha Leverage is really a double-edged sword, a pullback can wipe out a lot of people, no wonder the old guys always say risk management is the most important After Powell steps down, who will take over? That’s the key, liquidity needs to return for coins to have hope BTC is repeatedly testing this support level, feels like it hasn’t hit the bottom yet

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WagmiOrRekt

· 3h ago

270,000 Get Liquidated, the leveraged players have once again taught a lesson, and this time the tuition is really not cheap. --- Powell stepping down, Trump nominating a new chairman? If this really happens, the crypto world will be overjoyed, the worst fear is the absence of Favourable Information. --- Being squeezed from both ends is indeed uncomfortable, but I think this wave of adjustment is actually cleaning up the bubbles, BTC will rise again, right? --- 90% of go long Get Liquidated, what does that indicate? Leveraged players really need to reflect on their risk control. --- Still near the support level, I am just waiting for a clearer directional signal; otherwise, staying on the sidelines is the safest. --- Encryption is like this, once there is a problem in the macro environment, it immediately falls more severely than the traditional market. When will this characteristic change? --- Liquidity returning is a good thing, but distant water cannot quench a nearby fire; the key now is to endure this period of volatility.

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DAOdreamer

· 3h ago

270,000 liquidations, how many people must be losing everything... Leverage really is poison Can the new chairman save the market? It feels like this drop will never end This drop is a bit harsh, I feel for those frens who chased the price Powell leaving? That’s the key, if liquidity can come back next year, that would be great 90% going long got liquidated, a day when short positions are laughing the hardest Macro signals are a complete mess, really hard to look at in the short term

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