Something went wrong, and the big drop began.
In the past 24 hours, the entire network had a liquidation of 1.023 billion US dollars, and more than 300,000 people had liquidated their positions. Cherish your life and stay away from contracts. This time, the long army has been liquidated, and the next time it is time for the short army to be liquidated. From this weekend to next week, we will wait and see the rebound market. The reversal may not be possible.
Powell's words caused the Nasdaq market to crash by 3.61%, close to the largest drop in recent years. And Powell's hawkish speech is not only that, he also specifically knocked on the currency circle, saying that the Federal Reserve cannot hold Bitcoin, causing Bitcoin to fall by 5%, which is simply too bad.
This is a hard crash. No one can predict what he said. It is really a sudden disaster. Not only retail investors, but even Wall Street can only stand at attention and take the beating.
The main reason for this plunge is that Powell said that there will not be too many interest rate cuts next year, and there may only be two interest rate cuts, which has led to a decline in various assets.
