Renowned trader warns about the "FOMC curse": Bitcoin has dropped after 7 out of the last 8 FOMC meetings since last year.
BlockBeats news, on June 17, well-known trader Killa (@KillaXBT) stated that tomorrow's FOMC meeting is an important event for Bitcoin. Of the eight FOMC meetings since 2025, Bitcoin has shown a bearish reaction seven times. Although the market has currently formed a bullish narrative, the outcome is usually priced in before the news.
Killa believes that Bitcoin needs to stay above $64,000 to maintain a bullish structure; otherwise, after the FOMC meeting, there is a significant risk of returning to the $60,000 low.
As a quantitative trader focused on BTC, Killa predicted the top of this bull market in May 2025 and has more than 200,000 followers on the X platform. In mid-April, he shorted Bitcoin at $74,688 and switched to a full long position during the market-wide downturn on June 5.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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