On December 8th, I posted this tweet. At that time, everyone was waiting for the December rate cut benefits. The probability was 92%, the highest consensus in history. Today, December 16th. 190,000 people got liquidated, and $670 million vanished into thin air. BTC dropped from 91,000 to 85,000. What exactly happened in these 8 days? Actually, nothing happened. Everything that happened was within expectations: • December 10th: 25bp rate cut ✓ •
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
On December 8th, I posted this tweet. At that time, everyone was waiting for the December rate cut benefits. The probability was 92%, the highest consensus in history. Today, December 16th. 190,000 people got liquidated, and $670 million vanished into thin air. BTC dropped from 91,000 to 85,000. What exactly happened in these 8 days? Actually, nothing happened. Everything that happened was within expectations: • December 10th: 25bp rate cut ✓ •