On June 17, 2025, the cryptocurrency market sharply declined amid expectations of the results of the US Federal Reserve meeting, which increased uncertainty among investors. Major players withdrew liquidity and initiated mass sell-offs of certain tokens, triggering a chain liquidation of positions. Additional pressure came from large-scale token unlocks and the traditionally weak June for Bitcoin. A decrease in market maker activity and low trading volumes made the market particularly vulnerable to external shocks. The main factor behind the sell-offs was indeed the anticipation of the Fed's decisions and the associated economic risks.