Bitcoin extended losses as markets reacted to a hawkish Federal Reserve stance under new Chair Kevin Warsh, boosting the U.S. dollar and weighing on risk assets.

Notable Statistics:

Coinglass data shows 136,366 traders were liquidated in the past 24 hours for $558.38 million.       

SoSoValue data shows net outflows of $82.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net outflows of $29.4 million.

In the past 24 hours, top losers include Lighter, SPX6900 and Aerodrome Finance.

Notable Developments:

Trader Notes:

CryptosBatman explained Bitcoin has retested the lower boundary of its long-term ascending channel, a support level that has marked major cycle…

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