🌌 The replacement of Powell with Warsh has transformed the Fed into an overnight rate-hiking machine, and the market feels the chill. This sudden hawkish pivot is a blunt reminder that monetary policy still dominates crypto hype. 🕸️ BTC and ETH are likely to struggle under mounting risk pressure as rising yields tighten liquidity and push funding costs higher. On-chain metrics already show a decline in fresh capital inflows, and the new “no cuts” narrative could accelerate the liquidation of leveraged positions. Yet, crypto’s resilience—reflected in recent spikes in on-chain activity—suggests this correction may be a sharp trim rather than a full-blown collapse. I lean cautious with a short-term bearish bias, with any bullish reversal hinging on a Fed misstep or a rapid return to dovish tones. 👁️‍🗨️ The fastest path to recovery would be a Fed pause that forces markets to reprice risk, not another rate hike. ⚠️ Just personal analysis. Not financial advice. Do your own research. #CryptoMacro #BTC #FedPolicy