CLARITY 49–50: It’s getting cooler—bulls got liquidated for nearly $600 million. Fear that 69→51; neutral for now. Spot first gets dumped, then grinds: around $BTC /76 (−0.9%), ETH just above 2,400 (−2%), and XRP/XLM are weaker. Hot money is still jumping around $ARB , $LSK , ZEC/NEAR. Tonight 14:00 US Eastern (2:00 AM Beijing time) Fed—rate hikes are basically priced in. What really matters is the dot plot and the Warsh phrasing. Don’t treat hot coins as a safe haven.