Bitcoin Dips to $74.5K Following Warsh's Confirmation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 13h ago- Increased Market Volatility: Bitcoin briefly dropped to $74,500 following Warsh's confirmation, leading to over $2.5 billion in leveraged long liquidations, which significantly heightened short-term market volatility, prompting investors to closely monitor critical support and resistance levels between $74,000 and $80,000.
- ETF Outflow Pressure: Persistent outflows from ETFs have placed additional downward pressure on Bitcoin, marking the fourth consecutive month of declines, reflecting market uncertainty regarding Fed policy under Warsh's leadership and resulting in increased risk aversion among investors.
- Technical Analysis: Bitcoin has stabilized above $74,500, a level consistent with 2025 cycle lows; however, while downside hedging demand is less aggressive than in previous stress periods, market momentum remains downward, and a close below $74,000 could trigger further liquidation.
- Market Outlook: A breakout above $80,000 could stabilize the market and reverse the skew in the options market, while de-escalation of geopolitical tensions and institutional buying, particularly around the average cost basis of $76,000, may provide additional support for the market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
