The Fed's rhetoric is extremely hawkish, combined with Middle East Iran risks pushing oil prices higher, causing risk assets to collectively crash. BTC as the leading asset directly broke through 70k. Although ETFs still see inflows, established institutions have already sold significantly, whales are slowly accumulating at low levels, while short-term traders are panicking and fleeing. On X platform, everyone is basically calling bearish, saying they want to first test the 69.5k support level.

BTC0.12%
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