🚨 ALERT: Liquidation maps show high short leverage above price, with approximately US$ 5 billion in potential liquidations $BTC near US$ 100 thousand and around US$ 3 billion for $ETH around US$ 3,4 thousand.
A sudden spike could trigger a series of short squeezes as price moves into these liquidity zones.
🚨 LAST MINUTE: $WLFI has applied for a banking license, with the goal of becoming the first native cryptocurrency bank operating in $WLFI instead of USD.
IMPORTANT NOTICE: THE NEXT 24 HOURS COULD BE EXTREMELY VOLATILE FOR MARKETS 🚨
Two major events in the U.S. are happening almost back-to-back, and both could rapidly change the way markets price growth, recession risk, and interest rate cuts.
First: The U.S. Supreme Court decision on tariffs.
At 10:00 a.m. (Eastern Time), the Supreme Court will decide whether Trump's tariffs are legal.
Markets are pricing in approximately a 77% chance that the Court will rule them illegal.
If that happens, the U.S. government may have to refund a large portion of the over $600 billion already collected in tariffs.
Even if the tariffs are overturned, the President still has other legal tools to impose them, but these are slower, less effective, and less predictable.
The biggest risk lies in market sentiment, as tariffs are currently seen as a positive factor.
Any decision against tariffs means the market could start pricing in a downturn, which would also be bad for cryptocurrency markets.
Second: U.S. unemployment data at 8:30 a.m. (Eastern Time).
Markets expect unemployment to remain at 4.5%, a slight decline from the previously forecasted 4.6%.
If unemployment rises, it strengthens the recession narrative.
If unemployment falls, recession fears ease, but expectations for interest rate cuts drop even further.
The probability of a rate cut in January is already low, around 11%.
Strong labor market data would likely eliminate hopes for a cut in January.
Thus, markets face a difficult scenario: • Weak data = higher recession fears. • Strong data = more restrictive policy for longer.
The combination of these two events makes the next 24 hours a high-risk period for markets.