Fed Chair Powell went full hawkish yesterday — clearly signaling no rush for rate cuts. His focus was on persistent inflation and strong economic data that justify holding off on easing.🚨
But Bitcoin completely ignored the Fed and touched $ETH
99K
Why? Because the real drivers behind this move are way bigger than Powell’s speech. Here’s exactly what’s powering Bitcoin right now:
US-China trade tensions are easing — Trump recently hinted at possible tariff reductions during diplomatic talks.
TC ETFs are still seeing strong inflows — institutional investors are buying in aggressively, despite broader market uncertainty.
A wave of short liquidations hit as Bitcoin broke key resistance levels — forcing bearish positions to close, fueling the rally.
Open interest is climbing fast — a clear sign that institutions are stepping in with serious conviction.
Trump’s Bitcoin Strategic Reserve plans are gaining traction — creating a long-term bullish sentiment across the market.
The message from the market is loud and clear:
BITCOIN DOESN’T CARE ABOUT THE FED ANYMORE.
Would you like this turned into a tweet thread or a post graphic format?