On Oct 15, global markets entered rare turbulence ahead of Federal Reserve Chair Jerome Powell’s Economic Outlook and Monetary Policy address. Both risk and safe-haven assets surged simultaneously, while crypto markets plunged sharply, amplifying market fear. Liquidation maps show BTC forming dense liquidation zones between $111K–$114K, signaling a structural liquidity imbalance that traders are closely monitoring for post-clearance opportunities.
At the macro level, Powell’s remarks are set to become the watershed of the current risk-off wave. Futures markets now price in a 97% chance of a 25bps cut in October and an 89% chance in December, reflecting strong conviction in ongoing monetary easing. Should Powell strike a hawkish tone, risk assets could see another round of sell-offs; a dovish tone, however, may trigger rapid repricing and renewed inflows into tech and crypto sectors.
Bitunix Analyst Insight: Markets have entered a “signal vacuum,” where tone—not action—will dictate risk sentiment repricing. Structural deleveraging has created a temporary liquidity void that may serve as the foundation for a rebound. The true inflection point lies not in Powell’s rhetoric, but in how markets reinterpret the Fed’s intent to “tolerate short-term volatility to preserve long-term confidence.” BTC remains range-bound between $111K and $114K — maintaining risk control and disciplined positioning is crucial ahead of policy catalysts.
