Macro· ★★★★· neutral·

Bitcoin Faces Liquidity Risk at $78K Ahead of Key Fed Decision

  • —FedWatch shows about 90% odds the Fed holds rates
  • —Leveraged long positions are piled up near $78K
  • —Three paths: dovish hold, hawkish pause or surprise hike
Why it matters: The Fed decision will set bitcoin's direction, and crowded longs near $78K could trigger a liquidation cascade.
Source: Coin Edition