The Fed basically walked into the room, said “rates might stay high for longer,” and #Bitcoin immediately started acting like it saw a ghost 😭📉
Hawkish FOMC minutes + surging Treasury yields just dragged $BTC from the low $80Ks back into the mid-$70Ks, wiping out hundreds of millions in leveraged positions along the way. Even spot ETFs felt the heat with nearly $1B in outflows and BlackRock’s IBIT alone seeing a massive single-day withdrawal.
This is what happens when macro reminds crypto who’s still the boss. Volatility is back, leverage got punished, and the market is suddenly paying attention to the Fed again.
But if there’s one thing $BTC loves, it’s making everyone panic right before the next move. 👀🔥