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Who directed today’s crash? It wasn’t Powell’s resignation letter, but Kazuo Ueda’s rate hike order.
Who directed today’s crash? It wasn’t Powell’s resignation letter, but Kazuo Ueda’s rate hike order.

On December 1, the crypto market plunged, with bitcoin dropping over 5% in a single day. The trigger was a rumor about Federal Reserve Chairman Powell's resignation, but the underlying reason was concerns that the Bank of Japan may end its zero interest rate policy, sparking global deleveraging. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

MarsBit·2025/12/01 21:33
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  • 03:47
    Data: Machi liquidated 1,800 ETH, with an unrealized loss of $540,000
    According to ChainCatcher, monitored by Lookonchain, the address of "Machi Big Brother" Huang Licheng had 1,800 ETH (approximately $5.73 million) long positions liquidated at the price of $3,185.7 during the recent drop. Currently, he still holds a 25x leveraged long position of 7,200 ETH (approximately $22.93 million), with an unrealized loss of $540,000.
  • 03:47
    Blockstream founder: All companies will eventually become bitcoin reserve companies
    According to ChainCatcher, as reported by DLNews, Blockstream founder Adam Back stated that all companies will eventually become bitcoin reserve companies. He pointed out that bitcoin is still in the early stages of a bull market. Although its price has dropped nearly 27% from the historical high in October due to macro issues and high leverage, the long-term trend remains bullish. Back believes that since MicroStrategy initiated its corporate bitcoin reserve strategy in 2020, nearly 200 publicly listed companies have followed suit this year, including large enterprises such as Tesla. He emphasized that bitcoin is a long-term hedge against inflation, institutional buying continues, and adoption is still at a very early stage.
  • 03:46
    Analysis: The current market is in a risk-on mode, and bitcoin sellers may soon disappear
    ChainCatcher News: Crypto trader Ran Neuner posted that the current market is completely in risk-on mode, but most people are unaware because the price of bitcoin has not fluctuated significantly. Currently, the price of silver has reached a historic high and is in a breakout and accelerating upward phase. Silver is the beta coefficient of gold, indicating risk appetite; ETH/BTC has now broken above the 50-week moving average and continues to climb, with ETH representing risk appetite in the crypto market; the Russell 2000 index has also broken out, representing risk appetite in the stock market; in addition, the money printer has started, and the Federal Reserve has shifted to quantitative easing earlier than expected. He stated that bitcoin sellers will soon disappear, and a large-scale catch-up trade is about to begin.
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