$310,000,000 in Crypto Short Positions Liquidated in Hours As Fed Chair Jerome Powell Signals Potential Rate Cut in September

New data from market intelligence platform Coinglass reveals that hundreds of millions of dollars in crypto short positions were liquidated after Fed Chair Jerome Powell signals possible interest rate cuts in September. According to Coinglass, during the last 12 hours, $248 million worth of Ethereum (ETH) and $87. source: https://dailyhodl.com/2025/08/22/310000000-in-crypto-short-positions-liquidated-in-hours-as-fed-chair-jerome-powell-signals-potential-rate-cut-in-september/