After discussing interest rates, BTC fell below $64000, and institutional funds of $270 million fluctuated early in the morning

After the Federal Reserve's interest rate decision came to fruition, BTC came under short-term pressure, falling below $64000 and hitting a low of $63267. Currently, it has fallen back to fluctuate around $63700. The market is mainly affected by three aspects: ① The expectation of interest rate cuts is playing again The Federal Reserve maintains interest rates unchanged, Powell emphasizes policy independence, and the market adjusts the subsequent interest rate path again, releasing the upward momentum accumulated by BTC previously. ② Geopolitical safe haven funds begin to flow back Previously, the US Iran conflict and risks in the Strait of Hormuz boosted risk aversion, driving funds into the cryptocurrency market. As risk sentiment gradually eases, some funds choose to wait and see. ③ Institutional funds experience abnormal movements Early morning data shows that BlackRock related wallets transferred approximately $271 million in BTC and ETH to Coinbase Prime. At present, this seems more like an institutional fund adjustment behavior, but if there is a sustained influx of funds into the trading platform in the future, we need to be alert to potential selling pressure. Pay attention to several key positions: BTC: Around $63000 If it stabilizes, it indicates that short-term commitment is still ongoing; If it falls below, the market may further test lower support. 64000 US dollars Standing back represents the hope of short-term sentiment recovery. ETH: 1870-1900 USD area Pay attention to whether funds continue to flow out of mainstream assets. ⚠️ Risk statement The Federal Reserve's policy expectations may still fluctuate, and changes in interest rate paths will directly affect the sentiment of risk assets. The situation between the United States and Iran remains uncertain, and sudden escalation may lead to rapid market volatility. The risk of high leverage positions has increased, and the current market is still in a high volatility stage. It is important to avoid chasing after gains and selling losses, as well as excessive use of leverage. The current market is not simply an upward or downward trend, but rather a search for a new balance point for funds. While paying attention to price changes, it is also important to pay attention to the flow of institutional funds and changes in macro events.