Bitcoin Price Drops Below $35k After Hitting Highs, Analysts Cautious Amid Volatility

BTC price dropped below $35k after hitting 18-month highs above $35.9k the previous day.

The dip came despite encouraging comments from Fed Chair Jerome Powell about nearing the end of interest rate hikes.

Analysts warn Bitcoin derivatives markets look "overheated," putting focus on spot markets to support prices.

Caution advised as large blocks of liquidity appear to be moving around, risking "rug pull" crashes.

Article cautions this is not investment advice, every trading move involves risk.