Yesterday marked the first real weakness in months.

$BTC ETFs bled $82M

$ETH ETFs down another $29M

Even BlackRock's IBIT closed red

The culprit? Fed.

Rates held but Powell's tone went hawkish—caught the market off guard.

Institutions have been the bid for months. Now they're fading.

This isn't just a dip. It's the smart money repositioning.