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    1. coinfeeds-bot on

      tldr; Hundreds of millions in crypto short positions were liquidated after Fed Chair Jerome Powell hinted at potential interest rate cuts in September. Coinglass data shows $248M in Ethereum and $87.65M in Bitcoin options were liquidated within 12 hours. Powell’s speech at an economic symposium suggested a shift in monetary policy due to inflation and employment risks. CME Group estimates a 90% chance of rate cuts by month’s end, with Ethereum and Bitcoin seeing price gains following the news.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. milanprofficial on

      Just another day in the trade game!
      Whales gon‘ eat or the Shrimps gon‘ eat… That simple

    3. Next_Statement6145 on

      Leveraged shorts in a bull market deserves nothing but liquidation

    4. cryptolipto on

      YESSSS can’t wait for all these fools to be liquidated. Better close your positions now fools!

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