[Hawkish Nuke] Warsh's debut shakes the market, BTC crashes below 64K
2026-06-18 Real-time data
BTC: 63,797 (-2.5%) | ETH: 1,760 (-2.0%)
Total liquidations: $476 million | Fear & Greed: 15
Last night’s FOMC, Warsh dropped three nuclear bombs:
1. Dot Plot Shock
9 members now expect rate hikes this year, with the median rate skyrocketing from 3.4% to 3.8%. Just three months ago, no one supported rate hikes, and now the hawks have surged to 9—only 1 stands firm on rate cuts. Expectations for rate cuts are completely shattered.
2. Forward Guidance Axed
The statement was cut from 340 words to 130, removing all hints of rate cuts, and Warsh refused to submit his personal dot plot. "I can't tell you what the next steps will be." The communication mechanism that took 14 years to build has been wiped out overnight, and the market is now in a policy blind box mode.
3. Inflation Revised Up to 3.6%
The Iran war has pushed energy prices higher, with Warsh directly citing supply shocks.
Market carnage: S&P -1.21% sets the worst debut for a chair, gold dips below $150. BTC plummeted from 66,400 to 63,800, with $476 million liquidated in 24 hours, and long positions getting wrecked by 66%.
However, BTC hasn’t even touched the triple bottom at 60,755. The 63K region is the consolidation zone from June 14-15, and with Warsh’s hawkish move creating a pit, as long as it doesn’t break 63K, it’s just emotional venting. Losing 63,800 looks towards 61,000, and reclaiming 64,000-65,000 on volume is what would signal recovery.
#BTC #FOMC