Powell received a "Courage Award," Bitcoin drops below 73,000

On the podium, he issued the most desperate warning in Federal Reserve history:

If the government can remove Fed officials due to policy disagreements, no central bank can survive.

He didn't name names, but everyone knows who he's talking about—Trump.

In the past year: Trump demanded Powell resign, launched criminal investigations, and tried to fire Board Member Cook (for the first time in 113 years).

What did Powell do? After stepping down as chair, he chose to stay on as a board member just to hold that position, preventing the White House from appointing someone else.

One person, one seat, blocking the entire executive branch.

Is it tragic? Yes. But that's not the point. The point is—

Your Bitcoin is paying the price for this palace intrigue.

Just now, BTC plunged 15 minutes sharply, directly breaking below 73,000.

In May, Bitcoin spot ETF experienced 10 consecutive days of net outflows, redeeming nearly $3 billion;

The entire May net outflow was $2.3 billion, the worst of the year;

Futures market net selling hit a March high, whales accelerating transfers to exchanges—they want to sell.

Meanwhile, inflation data remains stubborn: April PCE year-over-year at 3.8%, twice the target. Trump wants to cut rates, data forces hikes, Powell is drawing a red line—the deadlock among three parties.

The longer the deadlock lasts, the more the market fears not rate hikes or cuts, but uncertainty.

The first to withdraw funds are risk assets.

Does this mean the Fed crisis is only bearish for BTC?

In the short term, yes.

But the long-term logic is exactly the opposite.

Why does Powell fight so hard to maintain independence? Because the credibility of the Fed is the credibility of the dollar. If the wall of independence is breached, the dollar will shift from being the "global credit cornerstone" to a "White House administrative tool," and all dollar assets will be re-priced.

At that point, Bitcoin's narrative will truly surface—it's not an "hedge asset," but the only thing I can hold onto after your system collapses.

So what should you do now?

First, don't fight liquidity. Institutions are fleeing, ETFs are outflows, don't catch the falling knife.

Second, don't try to guess the bottom. 72,000 is the first line of defense, below that 72,000 is the first line, and even lower, 70,000 or less.

Washington's palace intrigue is finalizing the pricing of the Bitcoin in your hands. #Gate正式推出股票交易 #成长值抽奖赢金条 $BTC $ETH $HYPE