Bitcoin dipped toward $65,000 after the Fed's hawkish tone under new Chair Kevin Warsh spooked markets, even as long-term holders quietly absorbed 125,000 BTC and Coinbase-backed Satori Finance shut its doors.

Bitcoin slid under $77K as $563 million in leveraged longs were wiped out overnight — driven by rising Treasury yields, Strait of Hormuz tensions, and a market-wide deleveraging event. Bitcoin Depot issued a going-concern warning after a 49% revenue drop, while the HYPE token bucked the trend with a 7–10% gain. Here's what caused the flush, what long-term holders are doing, and what to watch heading into the week.