Hawkish FOMC causes Bitcoin to fall below $64k, but is the real driver Wosh or Saylor?

Wosh's first FOMC press conference directly increased the likelihood of rate hikes, pushing the dollar index closer to a breakout, and macro pressures on the crypto market surged.
But more concerning than rate expectations is Capital B's approval of up to $120 billion in financing for Bitcoin strategy—equivalent to a massive leveraged bet forming during an interest rate rising cycle.
$120 billion is no small amount.
If Capital B continues to buy through equity and credit instruments, short-term support from buying pressure may form; but if macro conditions tighten further, the vulnerability of high-leverage positions will also be amplified.
Historically, similar structural leverage accumulation often accelerates declines when the market turns.
The current market anchoring is undergoing a dual restructuring:
On one hand, the Fed's abandonment of forward guidance has increased uncertainty about the interest rate path;
On the other hand, institutions are betting on Bitcoin through debt financing, bringing traditional financial leverage risks into the crypto market.
The combination of these two factors means Bitcoin's volatility logic is shifting from simple supply and demand to a macro + leverage complex game.
The risk is that if Capital B's financing plan proceeds smoothly, it may temporarily mask the true market pressure;
but if macro liquidity tightens more than expected, the chain reaction of leverage liquidations could be more intense than ETF capital outflows.
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