The Fed holding rates at 3.75%–4.00% was largely expected, but the hawkish tone is keeping risk appetite under pressure. BTC slipping towards $77,500 despite some ETF inflows is worth paying attention to. It suggests institutional demand alone isn't enough to absorb the current selling pressure. The $77K level is now particularly important. Losing it convincingly could expose the $76K region and potentially trigger further liquidations as leveraged positions get squeezed.
