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Sadii

06/23 14:18

SOL dropped after Fed policy shock and lost moment

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge SOL dropped after Fed policy shock and lost momentum near the $70 support level. ETF inflows and RWA growth failed to offset rising selling pressure and weak derivatives data. Bears dominate structure, with risk of deeper decline if $70 support breaks. Solana's SOL slipped fast after a strong early June rally pushed momentum higher. Price climbed from near $62 to $75.60 before reversing sharply. The move caught many traders off guard as selling pressure returned quickly. A drop toward $70.70 followed, with price later stabilizing near $71. Macroeconomic pressure from the Federal Reserve added fuel to the decline. Rate stability and inflation warnings pushed risk appetite lower across crypto markets. SOL now sits at a fragile decision point. https://twitter.com/i/status/2067592184434397235 Macro Pressure and Derivatives Shift Weigh on SOL Federal Reserve policy created a cautious mood across digital assets. Rates stayed unchanged between 3.50% and 3.75%. However, forward guidance hinted at possible tightening in 2026. Traders reduced exposure to high-volatility assets like SOL. Bitcoin also slipped toward $64,000 after the announcement. Altcoins recorded deeper percentage losses across major exchanges. Market sentiment turned defensive within hours of the statement.Derivative data confirmed weakening bullish conviction. Open Interest dropped from $5.18 billion to $4.85 billion. Long liquidations reached $13.66 million in 24 hours. Short liquidations stayed far lower near $1.80 million. That imbalance showed sellers dominated short-term positioning. Price action also failed to hold earlier support levels. Analysts noted rejection near prior support now acting as resistance. Momentum indicators leaned heavily toward oversold conditions on lower timeframes. Institutional Demand and On-Chain Growth Fail to Support Price Insti
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