the market reaction to yesterday's FOMC is a reality check for those who are sidelined or waiting for much lower on crypto assets



we just had one of the most hawkish FOMC meetings in recent times, with Powell practically going scorched earth and taking a 'markets be damned!' approach in his comments

yet $BTC barely budged and is now trading back above $118k

this is coming after we learned last week that an ancient Bitcoin whale offloaded $10 billion worth of BTC while the market still barely reacted

and all of this is happening during the summer period, when markets are usually in a lull or general corrective phase

believe it or not, max pain here is BTC and altcoins/memecoins going aggressively higher and leaving bears sidelined and in pain

HIGHER
TIMES-8.21%
BTC-1%
NOT-7.81%
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