– Bitcoin’s price dropped over $1,000 after the Federal Reserve interest rate announcement.
– Analysis warned of “overheated” derivatives in the market.
– BTC erased gains it made overnight and broke below $35,000.
– The Federal Reserve opted not to change rates at the latest meeting.
– Bitcoin derivatives markets are considered overheated, according to experts.
– Spot markets are now in charge of supporting BTC price strength.
– Caution should be applied to the current Bitcoin trading environment due to disappearing support levels.
– Liquidity on the BTC/USDT order book for Binance is moving, which could lead to “rug pulls.”
– This article does not provide investment advice or recommendations.
