QVX Macro Intelligence Briefing: Fed Restarts the Tightening Cycle as Megawhale Cost Basis Becomes the Battleground
The FOMC's first hike since 2023 anchors policy at 3.75-4.00% with a hawkish dot plot, pushing the 10Y toward 5% and re-rating every duration-sensitive asset. BTC megawhales rebuilt 20 seven-figure positions into a 76,000-77,750 cost-basis compression zone that overlaps today's 76,500 max-pain strike, while stablecoin telemetry reads neutral and spot ETF flows bleed. Capital is rotating toward yield-bearing, financing-light collateral - tokenized RWA infrastructure is the sector absorbing structural order blocks.