Tonight, the Fed's QT officially ends, but the crypto world is experiencing a fall across the board, with funds panic selling.

QT is over, interest rates should drop, US bonds should ease, banks should thrive, and Bitcoin should soar, but everything is just the opposite.
In the past 24 hours, 270,000 people were liquidated, amounting to $985 million, of which long positions accounted for $870 million and short positions accounted for $110 million.
It is said that even "the pump has stopped" cannot save it; the family truly feels there is a black hole in the economy. It's no longer a question of whether there is enough water, but rather that the ship is already leaking.