1.9B investors were left stunned as $2.3B was liquidated in 4 hours yesterday, despite a U.S.-Iran breakthrough boosting global markets. But what's behind this seeming oxymoron?

In a day where Middle East risks seemed to be receding and the Fed's influence was momentarily eclipsed, markets chose to ignore warning signs and focus on the short-term. The on-chain data from Binance showed that Bitcoin's short-term holders who usually panic during market stress, unexpectedly continued to buy in yesterday, even with prices above the 50-day moving average (MA) at $27,200.

This is exactly what smart money is doing, loading up on BTC and BNB at dips while institutions take the Fed more seriously #MacroSentiment #FedFocus. With the Bitcoin price now sitting at $28,000, the next level to look out for is the resistance at $29,200 - a level where the smart money is waiting for the next dip.

Are you on the right side of this trade?