The Fed's remarks were super hawkish, combined with Middle East Iran risks pushing oil prices higher, causing risk assets to plummet across the board. BTC as the leading asset directly broke through 70k. Although ETFs still have capital inflows, established institutions have already sold off significantly, whales are slowly accumulating at low levels, while short-term traders are panicking and fleeing. On X platform, everyone is basically calling bearish, saying they want to test the 69.5k support first.
The Fed's remarks were super hawkish, combined with Middle East Iran risks pushing oil prices higher, causing risk assets to plummet across the board. BTC as the leading asset directly broke through 70k. Although ETFs still have capital inflows, established institutions have already sold off significantly, whales are slowly accumulating at low levels, while short-term traders are panicking and fleeing. On X platform, everyone is basically calling bearish, saying they want to test the 69.5k support first.