bullish

FOMO

Million

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<p>Last night, the American Federal Reserve (FED) officially announced a 50 basis points cut in its key rates. A decision eagerly awaited, which immediately sparked mixed reactions in the crypto markets. Some anticipate a surge, while others predict a crash. At the heart of these discussions are the massive liquidations in the crypto sector, reaching new highs.</p>
<h2 id="h-massive-liquidations-shake-the-crypto-market">Massive Liquidations Shake the Crypto Market</h2>
<p>The crypto world experienced <strong>a real shockwave</strong> after the <a href="https://www.cointribune.com/en/the-fed-finally-lowers-its-rates-what-will-happen-to-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">FED rate cut announcement</a>. Liquidations soared, reaching nearly <strong>$200 million in less than 24 hours</strong>.</p>
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<p>According to <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>, most of the liquidated positions <strong>($126 million) were shorts</strong>, indicating an unexpected bullish trend. The phenomenon particularly affected the boldest traders, with over <strong>66,000 liquidations recorded</strong>.</p>
<figure class="wp-block-image size-large"><img decoding="async" src="https://crypto.news/app/uploads/2024/09/Screenshot-2024-09-19-103455.png.webp" alt="carte-liquidations-crypto">
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  Crypto Liquidation Map – September 19 – Source: Coinglass
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<p>The overall crypto market was not left behind, showing a <strong>1.9% increase in market capitalization, climbing to $2.23 trillion</strong>. Trading volume, meanwhile, exceeded $120 billion, proving that the euphoria is not about to subside. Here are some key figures:</p>
<ul>
 <li>46% increase in liquidations in 24 hours;</li>
 <li>$200 million liquidated;</li>
 <li>66,000 traders liquidated.</li>
</ul>
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<h2 id="h-bitcoin-the-king-of-cryptos-leads-liquidations">Bitcoin: The King of Cryptos Leads Liquidations</h2>
<p>While Ethereum saw significant liquidations ($35 million), it was <strong>Bitcoin that stole the show with $75 million liquidated after a 2.9% price increase</strong>. BTC was flirting with $62,000, marking a decisive turn for the ‘queen of cryptos’.</p>
<p><strong>The largest liquidation, worth $8.9 million in the BTC-USD pair</strong>, took place on Bybit, disrupting the positions of some overly confident traders.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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<p>The <strong>global open interest</strong> in cryptos nevertheless <strong>increased by 4%</strong>, reaching $58.7 billion. This rise reflects the growing FOMO (fear of missing out), driving investors to jump on the bandwagon before it’s too late.</p>
<p>This explosive mix predicts new price fluctuations, with some analysts already betting on <a href="https://www.cointribune.com/en/bitcoin-at-64000-this-fed-reversal-could-change-everything-and-very-quickly/" target="_blank" rel="noopener noreferrer nofollow">a Bitcoin at $64,000</a> in the coming weeks.</p>

The FED Lowers Its Rates, 200 Million Vanished In Crypto – Red Alert?

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