FOMC hits Wednesday. BOJ decided this morning. Two central banks in 48 hours — and most traders are still frozen in Extreme Fear mode.

Here's what that means:

The Fear & Greed Index peaked at Extreme Fear nine days ago when $BTC touched 59K. Since then, Bitcoin climbed back to 65K. Negative funding rates have started unwinding. Strategy dropped another $100M. And ETF inflows just flipped positive again.

Rate fear ALWAYS peaks before the meeting. Not during. Not after.

$XRP just broke 8% above $1.20 — the first clean altcoin rotation signal we've seen since the crash. $ETH is sitting at a 7-year relative low against BTC. Solana quietly absorbed the macro noise while Alpenglow infrastructure keeps shipping.

The Clarity Act has 19 days to its July 4 deadline. $250B in stablecoins is still sitting on-chain idle. The macro overhangs — Iran, oil, rate fear — are clearing one by one.

The window between fear peak and repricing is usually the shortest one. Most people only recognize it in hindsight.

Are you watching price, or watching structure?

#FOMC #CryptoMarket #Bitcoin #AltcoinSeason #ClarityAct