The Fed's rhetoric was super hawkish, combined with Middle East and Iran risks pushing oil prices higher, causing risk assets to sell off across the board. BTC as the leader directly broke through 70k. While ETFs still have capital flowing in, institutional players have already sold a good amount, whales are slowly accumulating at lower levels, but short-term traders are panicking and running for the exits. On X platform, basically everyone is calling for a bearish outlook, saying they want to test the 69.5k support first.