Post-Fed meeting, Bitcoin Open Interest (OI) metric saw a significant drop of $3 billion, from $33 billion to $30 billion. This drop occurred after Powell’s hawkish speech, increasing uncertainty and volatility in the market.

The VIX (Fear Index) index jumped sharply, reflecting the increasing anxiety among market participants. This data indicates a major liquidation in the futures market, triggering a temporary cooling phase.

Amidst the increasing fear and volatility, investors appear to be more cautious. However, this could be an important indicator to understand the future market movement, with optimism towards BTC still persisting.