More than $200 million in crypto long positions were liquidated within 15 minutes as changing expectations for the Federal Reserve’s next interest-rate decision pressured digital assets. The episode followed stronger-than-expected August job gains and comments from Federal Reserve Governor Christopher Waller, who said inflation remained meaningfully above the Fed’s 2% goal and that he could support holding rates steady if August data confirmed improvement, but would be prepared to raise them if that improvement proved temporary. Separate reports described Bitcoin falling $1,900 in an eight-minute flash crash and $60 billion being wiped from the crypto market. Earlier data had recorded $749 million in futures liquidations over 24 hours, while prediction-market pricing favored NO on Hyperliquid reaching $100 by the end of 2026. Traders are watching inflation data, Federal Reserve officials’ comments, volumes, institutional activity and further liquidations ahead of the September 15-16 FOMC meeting.