Bitcoin Drops Below $64K as Fed Decision Triggers De-risking and ETF Outflows
Traders are reducing risk and liquidating leveraged positions as Bitcoin breaks below $64,000 ahead of the Federal Reserve rate decision. Institutional spot ETF outflows and forced liquidations are accelerating selling pressure across technical support levels.
Bitcoin broke down past the $64,000 support level as market participants aggressively de-risked ahead of the upcoming Federal Reserve rate decision.
The drop below a crucial rising trendline accelerated as spot ETF outflows pulled institutional capital, while leveraged long positions were flushed out in rapid succession across major derivatives venues.
Macro volatility remains the dominant theme into the interest rate announcement, keeping spot buyers hesitant until monetary policy direction clears.