Bitcoin falls as traders cut risk ahead of FOMC: Will TradFi, spot ETF volumes bolster $70K support?

Bitcoin slipped from a local high near $79,500 to about $75,441 as traders reduced risk ahead of the FOMC, continuing a pattern of heightened BTC volatility around Fed meetings. Historical data show mixed seven‑day post‑FOMC returns (ranging +6.92% to −29.57%), and recent deleveraging saw futures open interest drop from ~$61B to ~$49B, triggering roughly $2.5B in BTC liquidations (and $4.5B across crypto) during a January drawdown. Offsetting short‑term risk‑off flows, large institutional demand — notably Strategy’s balance rising to 818,334 BTC (up from 672,497) — and about $3.5B of net spot‑ETF inflows over the past two months are providing structural support around key levels ($60k, $65k, $70k). The article frames near‑term caution around policy uncertainty but a resilient underlying bid that could protect the $70,000 support level.