$BTC just fell below 78k sliding as much as 3.5% after fed chair warsh delivered a hawkish keynote at the kansas city fed's jackson hole symposium
his line says it all he told the room we have work to do on prices
markets had been trading off treasury buyback optimism and rate cut hope for over a week straight
warsh just directly pushed back on that narrative
combine that with a 6.36 billion dollar options expiry hitting the same day and you get exactly the kind of sharp pullback we're seeing high leverage plus extreme greed sentiment amplified the drop once the hawkish tone hit
worth remembering this doesn't erase the month btc still ran from 62k to over 80k in weeks
but the easy fast gains phase is clearly done for now the market just got a reality check on rate policy
$BTC
#SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus
his line says it all he told the room we have work to do on prices
markets had been trading off treasury buyback optimism and rate cut hope for over a week straight
warsh just directly pushed back on that narrative
combine that with a 6.36 billion dollar options expiry hitting the same day and you get exactly the kind of sharp pullback we're seeing high leverage plus extreme greed sentiment amplified the drop once the hawkish tone hit
worth remembering this doesn't erase the month btc still ran from 62k to over 80k in weeks
but the easy fast gains phase is clearly done for now the market just got a reality check on rate policy
$BTC
#SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus
