$YZY traders wrecked.
56,050 wallets touched the token:
• 14,957 lost up to $500
• 1,273 lost $500–$1K
• 1,878 lost $1K–$5K
• 429 lost $5K–$10K
• 523 lost $10K–$100K
• 64 lost $100K–$1M
• 1 lost $1M+
Meanwhile, only 5 wallets made $1M+.
Total bloodbath.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
56,050 wallets touched the token:
• 14,957 lost up to $500
• 1,273 lost $500–$1K
• 1,878 lost $1K–$5K
• 429 lost $5K–$10K
• 523 lost $10K–$100K
• 64 lost $100K–$1M
• 1 lost $1M+
Meanwhile, only 5 wallets made $1M+.
Total bloodbath.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
😱2🤯1
NEW - Pentagon creates volunteer deportation for offering its civilian employees an opportunity to volunteer with Homeland Security's ICE deportations
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TODAY IS A BIG DAY FOR CRYPTO
At 10AM ET, Powell will deliver a speech at the Jackson Hole Summit.
For the past week, the markets have been dumping because of this.
The reason is that people think Powell will be hawkish.
This is why the September rate cut probability has dropped to 71%
But there’s one thing most people are missing.
Since the last FOMC meeting, the jobs market has gotten worse.
The unemployment rate spiked to 4.2%, initial jobless claims are rising, and jobs data are being revised down.
Also, bankruptcies are now at their highest level since 2020.
This is all happening while inflation is still below 3%.
I think Powell’s speech won’t be as hawkish as the market is expecting.
And if he hints about a rate cut, that’ll be the beginning of a massive short squeeze.
If he sounds hawkish, the markets won’t dump much as it has already priced that in.
In either case, BTC and alts could rally higher in the coming weeks
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
At 10AM ET, Powell will deliver a speech at the Jackson Hole Summit.
For the past week, the markets have been dumping because of this.
The reason is that people think Powell will be hawkish.
This is why the September rate cut probability has dropped to 71%
But there’s one thing most people are missing.
Since the last FOMC meeting, the jobs market has gotten worse.
The unemployment rate spiked to 4.2%, initial jobless claims are rising, and jobs data are being revised down.
Also, bankruptcies are now at their highest level since 2020.
This is all happening while inflation is still below 3%.
I think Powell’s speech won’t be as hawkish as the market is expecting.
And if he hints about a rate cut, that’ll be the beginning of a massive short squeeze.
If he sounds hawkish, the markets won’t dump much as it has already priced that in.
In either case, BTC and alts could rally higher in the coming weeks
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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JUST IN - After raids on John Bolton's DC-area home, FBI Director Patel says "NO ONE is above the law..."
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The Federal Reserve is still hawkish.
The July FOMC minutes show no change in tone, the last five meetings have all scored as hawkish in our Fed Communications Index.
That’s not what you’d expect if the Fed were preparing to accelerate rate cuts.
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The July FOMC minutes show no change in tone, the last five meetings have all scored as hawkish in our Fed Communications Index.
That’s not what you’d expect if the Fed were preparing to accelerate rate cuts.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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Denmark has scrapped its 25 percent tax on books, framing the move as a remedy for the country’s deepening “reading crisis.”
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