Bearish Pressure Persists on Bitcoin Despite Powell’s QT Remarks 🩸📉

Bitcoin continues to face bearish momentum, trading around $112,000, even after Fed Chair Jerome Powell hinted that Quantitative Tightening (QT) may soon come to an end. Since its launch in 2022, QT has trimmed the Federal Reserve’s balance sheet from $9 trillion to $6.6 trillion, tightening liquidity across global markets.

While Powell’s statement suggested a potential policy shift, it wasn’t enough to lift market sentiment. The BTC options market remains cautious, with traders still positioning for downside risk amid macro uncertainty. Until clear signals of easing emerge, Bitcoin may continue to trade under pressure.

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