$400M Wiped Out in Hours as Bitcoin Crashes After FOMC and Warsh Speech

📉 Bitcoin's price fell sharply from over $66,000 to $64,000 following a hawkish speech by new Fed Chair Kevin Warsh, surprising investors who anticipated a more lenient monetary policy.

💰 DoubleLine Capital's CEO Jeffrey Gundlach emphasized that Warsh is focused on price stability, indicating a shift away from the expected easy-money approach and no imminent rate cuts.

🔥 The market reacted negatively, with nearly $400 million in liquidations reported in 24 hours, predominantly affecting long positions, and nearly 100,000 traders impacted.