Crypto Liquidations Exceed $400M as $3B USDT Flows into Exchanges

Cryptocurrency liquidations surged by over 100% following the US Federal Reserve's 25-basis-point rate cut announcement, causing significant market volatility.

Total crypto liquidations reached $414 million: $190 million in longs and $224 million in shorts over the past 24 hours.
Ethereum led liquidations with $115 million, after a selloff post reaching $4,640, currently at $4,570.
Bitcoin saw $110 million in liquidations, after hitting a local high of $117,900.
The long-over-short liquidations ratio is at 0.85, indicating market uncertainty.

Crypto analyst Axel Adler highlighted that Bitcoin's price showed overheating signals before the Fed meeting, suggesting potential short-term consolidation.

$3 Billion in USDT Entered CEXs

Over $3 billion in USDT has entered centralized exchanges in the past week, driven by positive expectations from the Fed rate cut.
Approximately 2.82 billion USDT flowed into Binance, with Bybit receiving $217.7 million.
This inflow suggests investor preparation for a market surge.
Bloomberg's ETF analyst James Seyffart hinted at the start of an altcoin season, possibly directing investment interest towards altcoins.