Over the past week, the crypto market has experienced a round of intense volatility.
Bitcoin fell below the psychological barrier of
$80,000 on Wednesday, hitting a low of
$79,695 for the first time since mid-September. In the past 24 hours, the total amount of liquidation across the network is close to
944 million dollars , with the majority of long positions - a large number of highly leveraged positions were forcibly position squaring during the decline. Ethereum weakened synchronously, and Solana and XRP were not spared.
Inflation data is the direct driver of this round of decline. US September CPI rose year-on-year 3.7% , higher than market expectations, gasoline prices soared month-on-month
9.1% is the main driving factor. PPI data is also not optimistic - a year-on-year increase
6.3% , the largest increase since 2022, and the strongest increase in more than three years compared to the previous 1.3%. Energy is the main driver, and diesel once rose to a historical high of $6.50 per gallon. Signs of inflationary pressure transmitting from energy to broader production costs are emerging.
At the same time, the Federal Reserve's policy path remains uncertain. Federal Reserve Chairperson Walsh gave a speech at the IMF annual meeting on Friday, without releasing any hawkish signals, only saying "we will not prejudge the outcome of the meeting." The market immediately lowered the probability of a rate hike in October from around 30% to below 15% Goldman Sachs also believes that there is a high probability of no action in October. However, the stubbornness of inflation data means that this expectation may reverse again at any time - in the past half month, the probability of a rate hike in October has swung sharply between 65% and 20%.
The funding side is also sending signals. Bitcoin spot ETF net outflow last week 679 million dollars , this week outflow of about 150 million, yesterday a single day withdrawal 260 million . Institutional buying has significantly weakened, which is one of the direct reasons for price pressure. At the same time, the 10-year US Treasury yield is still hovering around 5.1% , long-term interest rates do not fall, the pressure on overvalued assets will not disappear.
However, the noteworthy signal is that the sell-off did not cause sustained panic. Bitcoin quickly rebounded to above $82,000 after falling below $80,000 . The panic and greed index rose instead of falling, rising from "neutral" to the "greed range" of 63 . Glassnode data shows that there are a large number of long clearing clusters nearby, and if it falls below, it may trigger a new round of passive selling; once the resistance range above 82,800 to 83,700 is broken, it may open up space to advance to 87,400.
This is the paradox of the current market: macro pressures remain, but funds have not completely left. The market is waiting for a clear signal on whether inflation is a temporary energy shock or will seep into core prices. If it's just about oil prices, the Fed has patience; if core inflation starts to follow, the script of "higher and longer" needs to be rewritten.
Before the signal becomes clear, one thing is certain: having dollars in hand gives you the right to choose.
For investors who want to take the initiative in volatility, US dollar reserves are a prerequisite for participating in the market . Whether buying on dips or adjusting positioning during rebounds, holding US dollars means having the right to choose, not waiting passively. Bear position often comes not with opportunities, but with missed opportunities.
Now, MEXC has lowered the threshold for "preparing ammunition" to zero.
"0-Fee USD Deposits" The limited-time event is officially open. Through bank transfer (SWIFT), you can recharge US dollars directly from your bank account to your MEXC fiat account,
0 handling fee for the whole process - There are no hidden costs, and it is used as soon as it arrives. This is not an ordinary recharge offer, but a limited-time window with a clear reward layer:
First recharge, get 20 USDT directly
Complete the first USD recharge ≥ 100 USD and maintain an equivalent balance for 24 hours to receive 20 USDT airdrop . No trading volume requirements, no complex tasks, just recharge.
The more you recharge, the greater the reward
Recharge ≥ 1,000 USD → 30 USDT Airdrop
Recharge ≥ 5,000 USD → 150 USDT Airdrop
Recharge ≥ 20,000 USD → 500 USDT Airdrop
After reaching the gear, keep the equivalent balance of US dollars for
3 days to unlock.
Stacked up, up to 520 USDT
The first deposit of 20 USDT can be stacked with ladder rewards - if you deposit ≥ 20,000 USD for the first time, you can get up to 20 + 500 = 520 USDT . At the current exchange rate, this is equivalent to a considerable additional income, and all you need to do is put the US dollars into your account.
Why now?
Because the market is at a critical juncture in choosing a direction. The support of $82,000, the yield of 5.1% US Treasury bonds, and the uncertain expectation of interest rate hikes - each variable may become a catalyst to break the deadlock. Opportunities will not be notified in advance, but those who are well-prepared will always have one more option than those who bear positions.
The event will end at 18:00 on October 28th (UTC + 8), with less than 12 days left until the registration deadline.
Disclaimer: This article is for research reference only and does not constitute any investment advice. Crypto asset prices fluctuate greatly, geopolitical events and macroeconomic changes may have a significant impact on the market. Investors should make independent judgments based on their own risk tolerance. Any platform products or trading pairs mentioned in the article are only presented as objective data and do not constitute buying or selling advice.