The Fed just delivered its first rate hike since July 2023 — 25bp, taking the target range to 3.75%-4.00%. BTC dipped to an intraday low of $74,962 right on the decision, then ripped back to near $78K within 48 hours.
Here's the part worth sitting with: over that same stretch, US spot Bitcoin ETFs bled $746M in net outflows across two sessions. Spot allocators were heading for the exit while price barely flinched. That combination usually means derivatives are doing the buying that spot isn't — leverage and short covering absorbing the TradFi redemptions rather than fresh spot demand stepping in.
If that's right, the move is more fragile than it looks on a candle chart, because leverage-led rallies unwind faster than spot-led ones. Anyone tracking basis or funding right now to confirm perp-led absorption versus plain short covering into thin post-FOMC liquidity?
Worth syncing exposure across venues when spot and derivatives disagree this hard — TokenBot broadcasts one order across 25+ exchanges so you're not stuck reacting on a single venue's view.
#TokenBot #Bitcoin #FOMC #TradingSignals $BTC $TBOT
tokenbot.com
Here's the part worth sitting with: over that same stretch, US spot Bitcoin ETFs bled $746M in net outflows across two sessions. Spot allocators were heading for the exit while price barely flinched. That combination usually means derivatives are doing the buying that spot isn't — leverage and short covering absorbing the TradFi redemptions rather than fresh spot demand stepping in.
If that's right, the move is more fragile than it looks on a candle chart, because leverage-led rallies unwind faster than spot-led ones. Anyone tracking basis or funding right now to confirm perp-led absorption versus plain short covering into thin post-FOMC liquidity?
Worth syncing exposure across venues when spot and derivatives disagree this hard — TokenBot broadcasts one order across 25+ exchanges so you're not stuck reacting on a single venue's view.
#TokenBot #Bitcoin #FOMC #TradingSignals $BTC $TBOT
tokenbot.com
