7.28 BTC Market Update: Why the Sudden Plunge?

1. Price Move: It slid to around 63k, hitting an 11-day low; long liquidations exceeded hundreds of millions of dollars.
2. Core Logic: The Federal Reserve’s decision is due this week. The market is worried about an unexpected rate hike; combined with concerns over AI credit risks and ETF outflows, risk-off sentiment has intensified.
3. What to Watch Next: In the short term, selling pressure may be released. Watch the 62k–63k support zone. Under macro bearish factors, long-term positives (such as the Clarity Act bill) are temporarily being overlooked.
Risk Warning: Volatility is extremely high ahead of major macro data releases. It’s recommended to watch more and trade less, and control position size! #KOSPI指数日内暴跌9% $BTC