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Large-scale liquidations can indicate market extremes, like panic selling or buying.A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.Some traders say Powell’s comment may mark a local top, dampening expectations of a continued rally toward the end of the month.“Crypto markets may have entered a peak if a U.S.

computing power best beginners blockchain technology ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!Bitcoin strategic reserve is no longer in play, as this promise helped to fuel the recent months' rally to new all-time highs, Nick Ruck, director at LVRG Research, shared with CoinDesk in a Telegram message.

“Although an interest rate cut would normally have a bullish reaction since it was largely expected, the market strongly reacted after Fed Chair Jerome Powell stated that inflation would be a continuing problem throughout the next year.”“Don't get shaken out of your positions if a drop occurs.

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