Overview
- Prices fell after Wednesday’s Federal Reserve meeting when Chair Kevin Warsh signaled rates would stay higher for longer, erasing an earlier rally tied to U.S.‑Iran de‑escalation and pushing Bitcoin into the low $60,000s and Ether into the high $1,700s.
- U.S. spot Bitcoin and Ether ETFs moved into net outflows after the Fed, with investors withdrawing roughly $111 million combined in one session, a reversal from small recent inflows for Ether.
- On‑chain data shows large investors accumulated during the dip—about 510,000 ETH added by whale addresses since June 5 and reports of specific large wallet buys—while exchange ETH inventories hit historic lows and staked ETH reached record levels, tightening available sell supply.
- The Fed‑driven reversal triggered heavy derivatives liquidations that wiped out hundreds of millions of dollars in leveraged positions and left markets more volatile with large leverage clusters concentrated near key BTC and ETH price bands.
- Traders now watch whether ETF flows return, whether whales continue to buy, and upcoming Fed communications and inflation reports for the next directional catalyst because shrinking exchange supply can limit selling but cannot by itself offset weaker institutional demand.