Fed Rate Decision Triggers $280M in Crypto Liquidations Across 90,000 Traders
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Extreme price swings in Bitcoin and Ether wiped out approximately $280 million in trading positions following the Federal Reserve's latest interest rate decision. Around 90,000 traders were liquidated amid the turbulence, despite prices remaining largely unchanged over the 24-hour period. Unusually, losses were distributed almost equally between bullish and bearish positions, reflecting the sharp two-way volatility. The episode highlights how major macroeconomic events can trigger significant liquidation cascades in crypto markets even without a clear directional price move.
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