Jazz on the Verge of Change: Bitcoin Holds Above $70k Post-FOMC — Whales are Hedging, Not Panicking March 19, 2026. Yesterday, the Fed kept interest rates unchanged. Jerome Powell avoided playing the “hawk” role. Consequently, three rate cuts this year remain the baseline forecast. The market took a deep breath — and continued its steady rhythm. Bitcoin is currently consolidating slightly above 70,000. Fluctuations between 69,700 and 71,600 represent a classic consolidation phase following the recent rally to 76k. Trading volumes have dropped by a third, but this is not the silence before a storm. Instead, it is a deliberate pause. Why Are Puts Selling Like Hotcakes? While the price remains high, the demand for put options (downside protection) is rising. Is this a paradox? Not at all. This is not a fear of a crash; it is smart insurance. Large players do not intend to lose… https://crypto-jazz.com/bitcoin/2026/03/19/bitcoin-70k-fomc-analysis-hedging/