The Fed just pulled the rug. $400M in leveraged longs paid the price.
One hawkish pivot. Higher inflation projections. Fewer rate cuts on the table. That's all it took to flush $400M in positions and put $BTC on life support at $70K.
Here's the damage report right now:
→ $400M+ in longs liquidated in one session
→ $BTC struggling to hold $70K — that level is now resistance
→ Alts bleeding harder than Bitcoin — capital is leaving, not rotating
→ Every rally into $70K is being sold systematically
This is not a crypto problem. This is a macro problem wearing a crypto costume. Risk assets don't survive a hawkish Fed without a catalyst to fight back.
Rallies are traps until the data shifts. $BTC needs dovish inflation numbers or a Fed pivot signal to change this structure.
Until then macro is in control. Not the chart. Not the whales. The Fed.
Fade the bounces. Protect capital. 🧊