This weekend is not very peaceful:

📉 The market crashed: $1.13 billion in liquidations across the network

This weekend has been a bit “painful”. Affected by the tense situation in the Middle East and the lack of liquidity over the weekend, BTC directly fell below the $79,000 mark.

Market data shows that in the past hour, the total liquidation amount across the network reached $1.13 billion, of which long positions (bullish) accounted for about $1.11 billion, while short positions hardly moved. This indicates that everyone originally thought it could still rise, but was caught off guard by the sudden bad news.

🏛️ Macroeconomic turmoil: Powell under investigation, government shutdown

Money is hard to earn in the industry, and “big shots” outside are also causing trouble.

Firstly, Federal Reserve Chairman Powell is facing a criminal investigation due to his insistence on the independence of the Fed's interest rate policy, which has caused friction with the White House, exacerbating market uncertainty.

Secondly, the U.S. government has entered a “partial shutdown” state since Saturday due to unresolved budget negotiations. Although the impact on core functions is limited, any minor disturbance during such a sensitive time will be amplified by the market.

💣 Whale “nuclear explosion”: losing $700 million in a single trade

The trigger for this decline includes the “god operation” of whales.

A big shot known as the “1011 insider whale” was fully liquidated on Hyperliquid, suffering a loss of over $700 million in a single liquidation. This level of loss directly triggered a chain reaction, dragging many small investors who were following the trend into the pit.

💰 Reverse scenery: Meme coins are still creating wealth

Although the market is grim, those involved in Meme coins might still be celebrating.

A token called MOLT on the Base chain has recently staged a “losers' comeback”, with a trader who invested over $2,000 two days ago now valued at $1.14 million, netting over 500 times their investment. This is the so-called “life and death are indifferent, if you’re not convinced, just fight back”.

More miracles are happening on BSC, continuing to search for the next thousand-fold meme.