Oh my goodness!

I just took a look at the chart and froze! 😨

$BTC ‌The lowest dipped to $62,856!

$ETH ‌And the lowest was $1,705!

Just now, Bitcoin officially broke below the 63,000 mark, while Ethereum is heading toward the critical $1,700 line. $64k couldn’t hold, and $63k couldn’t hold—bears went completely berserk.

Who’s the culprit?

The “hawkish debut” of Federal Reserve Chair Wa(t)ch. Although interest rates didn’t move, he directly cut the forward guidance—its length dropping from 314 words to 132 words.

Even more brutal: 9 Federal Reserve officials are expected to raise rates by the end of the year, while in March they were still predicting rate cuts. From rate cuts to rate hikes, expectations flipped instantly!

Institutions are running faster than anyone else.

Bitcoin spot ETFs saw a net outflow of $81.6 million yesterday, while Ethereum ETFs saw a net outflow of $29.37 million. Grayscale and BlackRock are both selling—major players are retreating.

Altcoins are even worse—$SOL ‌dropped below $70. There’s also this update: Ethereum Foundation co-executive director Hsiao-Wei Wang announced his resignation, effective immediately, and the ten-year veteran is stepping down.

Also, the $RE token launched today, and pre-market volatility isn’t small. In the early stage after a new coin is listed, it’s better to watch more and move less.

The key right now: $63k and $1,700 are the final lines of defense. If they hold, a rebound is possible; if they don’t, downside room opens up. The fear index is already at 15—extreme fear.

At this point, will you choose to wait and see, or place staggered orders? Talk about your view in the comments! 👇

Follow me—I’ll lay out the real on-chain truth for you every day! 🔥
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