PANews, June 18 – CryptoQuant analyst Axel Adler Jr. stated that the Federal Reserve held interest rates steady for the fourth consecutive time, but the dot plot leaned hawkish, triggering a volatile market reaction. Bitcoin fell about 4% from a high near $66,400 to $63,870, with a significant increase in trading volume, indicating an aggressive sell-off rather than a calm pullback, and there are still no signs of dip-buying after the decline. Gold also dropped to the $4,220 area but quickly rebounded above $4,300, showing sustained demand for defensive assets.

The core of this reaction is the divergence in asset performance: gold absorbed the shock and recovered quickly, while Bitcoin remains near its lows with no buying interest. The analyst noted that Bitcoin, as a pure risk asset, fully absorbed the Fed’s hawkish signal. Failure to reclaim the $64,000 level would confirm its weakness; reclaiming the $64,000–$65,000 range with strong volume would be a recovery signal. If Bitcoin loses support near $63,500 while gold continues to strengthen, it would further confirm a market shift toward risk-off mode.