Overview
- The Fed delivered a quarter‑point rate cut, but Powell’s cautious outlook cooled expectations for a swift easing cycle.
- Bitcoin briefly fell below $90,000 after a failed push above $94,000, while ether and other major tokens dropped more sharply.
- Roughly $500 million in 24‑hour derivatives liquidations hit mostly long positions, underscoring fragile leverage.
- U.S. spot Bitcoin ETF demand has slowed with recent net outflow days, even as daily prints swing between small inflows and redemptions.
- Analysts flag bearish technicals and key levels, citing a death cross, resistance near $94,500–$95,000 and support around $88,000–$84,000.