$194 Million Liquidation Imbalance Hits Crypto Market Ahead of FOMC Meeting

As the FOMC meeting scheduled for this week is drawing closer, the crypto market is, quite habitually, holding its breath in anticipation of whether or not the Fed Reserve will indeed cut the interest rates.

As the waiting is hanging in the air, a staggering amount of crypto liquidations have been made over the past day.

$194 million liquidation imbalance strikes

Analyst @TedPillows published a post on the X social media platform, sharing data about the most recent liquidations in the crypto market. He published a screenshot of a heat map showing red all over the crypto market (meaning short positions liquidated) and summing up the total worth of liquidated long and short positions as mind-blowing $50,000,000,000.

“This is just the beginning,” he pointed out, warning that traders should not trust “fake pumps” this week as he believes that the overall market trend is currently headed downwards.

However, it seems that by the time of the publication, this data has changed, or perhaps Ted accidentally put in three extra zeros, which turned millions into billions. CoinGlass shows that now $54.57 million is the amount of liquidations made in the past 12 hours. As for the 24 hours, this figure has doubled and now comprises $194.68 million - $142.15 million worth of longs and $52.52 million worth of shorts.

The FOMC meeting starts today and ends tomorrow, with the anticipated outcome of interest rates being cut by 25 basis points. However, President Donald Trump recently stated that the Fed Reserve should make a much deeper and bigger cut than planned.