Overview
- Bitcoin reversed from about $66,300 to roughly $64,100 after the Federal Reserve left the policy rate unchanged but projected further rate increases for 2026, triggering the latest sell‑off.
- The price drop erased a relief rally that had briefly followed news of a U.S.‑Iran memorandum and forced hundreds of millions of dollars in liquidations of leveraged positions.
- Derivatives data show concentrated long leverage clustered near $64,000–$65,000, which magnified the move and makes that zone the key short‑term battleground for the market.
- On‑chain metrics show large holders added more than 30,000 BTC over the past week, signaling continued whale accumulation even as retail sentiment fell to 'Extreme Fear.'
- Spot Bitcoin ETFs produced only modest daily inflows, including about $10.06 million on Tuesday, while overall recent weeks have registered net outflows, leaving the recovery fragile if support fails.