Just now, the new Federal Reserve official took office and caused a stir, causing 110k people in the crypto world to lose everything.

Federal Reserve Chair Powell held his first meeting, and interest rates indeed remained unchanged at 3.50%-3.75%.
But don’t be fooled by the surface—this time, the statement cut half of the content, and all hints of rate cuts were removed.
The dot plot was even more aggressive, with 9 officials saying they would raise rates within the year, and 6 saying at least two hikes.
In short, everyone used to bet that “rate cuts would come sooner or later,” but now the Fed is directly telling you: don’t count on it.
The market immediately voted with its feet.
Bitcoin dropped below $64,000, hitting a low of $63,797; Ethereum fell to $1,729.
In the past 24 hours, over 110k traders were liquidated, totaling $476 million.
The rebound that took three days to build up was wiped out overnight.
My simple view: Powell is known for being hawkish, and his appointment means the “bull” logic is completely gone.
The era of storytelling through easing is over; from now on, the crypto market must rely on real fundamentals.
High interest rates are suppressing risk assets, making it hard for them to perform comfortably.
In this market, retail investors shouldn’t rush to buy the dip—hold your horses first.
Short-term volatility is likely to stay weak; wait until the hawkish negative news is digested.
If you really want to trade, reduce leverage first—survival is more important than anything.
What do you think about this drop? Let’s discuss in the comments.
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