The market staged a thrilling drama once again. A so-called "Powell resignation essay" appeared out of nowhere, resulting in a direct collapse of the crypto market—over 170,000 people were liquidated in a short period, with liquidation amounts soaring to over $500 million. The fall of ETH and these mainstream tokens is alarming.

Even more magical is that some institutions have started to pour cold water: don't expect to get rich overnight relying on policy dividends anymore, as such stimulus for wild ups and downs may become less and less in the future. Some people even begin to worry that when Trump's term ends, will it be a signal for the crypto market to completely cool down?

To be honest, this market is really tormenting right now 😂 When the policy direction changes, the wallets of hundreds of thousands of people suffer.

ETH-1.36%

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MoonRocketman

· 12-01 05:56

Another round of fake news dumping, RSI is severely Oversold, this adjustment is just a gravity pullback, the main rise trajectory remains intact. --- 500 million Get Liquidated? No big deal, just fuel supply during the consolidation period, just wait for the breakthrough at the neckline to see who will be crying. --- What's there to fear without policy dividends? The technical aspect is the real signal, the lower band support of the Bollinger Bands is still there, not a big issue. --- Institutions singing bearish are just trying to buy the dip, don't let emotions pull you down, the launch window never has latency because of rumors. --- So many Liquidations? It shows that the liquidity concentrated range has been thoroughly tested, next time you'll know how to avoid the pitfalls. --- Trump's term ending means the crypto world is cooling off? Can this logic calculate the escape velocity? A bit absurd, huh? --- 170,000 people were liquidated, indicating they didn't calculate the stop loss height properly, insufficient basic skill training. --- A rumor can dump 500 million, proving that the leverage position is too tempting, this is the market self-purifying.

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fren.eth

· 12-01 05:52

A rumor leads to a cut loss, this is the crypto world. Really, it's time to wake up; the days of relying on policy benefits to turn things around are probably over. 170,000 people were exposed, this number is a bit scary... No wonder the group is full of despair. Policy direction shifts, retail investor wallets are at stake, that's just how it is. Dude, are you still buying the dip or have you already run away? Is Trump's exit the death knell for the crypto world? You're thinking too much; history is not that simple. A piece of fake news can create a $500 million hole; the market liquidity is at this level. So should we continue to play? That's the real question. Even Powell's resignation fake news can become a transaction trigger, that's absurd. It's both policies and institutions singing the blues, and for us retail investors, we just have to accept our fate. The thrill of big pumps and big dumps is gone, what's left is just heart disease, haha.

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DuskSurfer

· 12-01 05:52

When rumors spread, people explode, this is not the first time, the trap is still so bad --- 500 million get liquidated, another leverage pit, serves them right to be honest --- Will the crypto world cool down when Trump steps down? This logic is too absolute --- Once the policy direction changes, the wallet is gone, so don’t go all in on anything --- Powell's resignation can be hyped as news, is this market interesting? --- Torment? This is the daily routine of crypto, if you can't stand it, you can exit the crypto world --- What does 170,000 people getting liquidated indicate? It shows everyone is playing with leverage, serves them right --- Institutions say not to expect policy dividends, what does that imply? --- Another act of playing suckers with information asymmetry, too cliché --- Those who follow the trend and go all in are the most unfortunate, this time they have to pay tuition again

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NightAirdropper

· 12-01 05:35

This manipulation is really outrageous, five hundred million dollars just disappeared, and retail investors are left with nothing. It's another policy trick, every time it's like this to play people for suckers, wake up everyone. Is the crypto world doomed the moment Trump’s term ends? I really can't laugh at this logic. Fake news directly causes the market to crash, this market is just a casino. With the policy benefits gone, what do we rely on? Aren't we just going to get harvested again? One rumor led to 170,000 people being liquidated, this is more surreal than a movie. Just surviving without looking at policy news is already good enough, playing with coins is really too thrilling now.

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