Wintermute: Bitcoin Slides 3.8% After Fed Holds Rates at 3.50% to 3.75% as ETF Outflows Hit $68M

Wintermute said Bitcoin fell as markets repriced risk after the Fed held rates at 3.50% to 3.75% and policy language turned more cautious. BTC dropped 3.8% while ETH fell 1.2%, with long liquidations leading losses. Bitcoin traded near $62,560 on June 23 and spot Bitcoin ETFs saw a $68 million net outflow.