Jerome Powell's statements sustained the bearish sentiment in Bitcoin.

Important Statement from Jerome Powell

The Federal Reserve Chairman Jerome Powell stated in an announcement on Tuesday that the central bank may have to end its long-standing balance sheet reduction program in the near future. The Federal Reserve’s quantitative tightening policy, which began in 2022, reduced the balance sheet value from $9 trillion to $6.6 trillion.

Bearish Sentiment in the Bitcoin Market

Following Powell's comments, it was observed that the sentiment in the Bitcoin options market is still bearish. Bitcoin continues to trade in the red due to this negative atmosphere. In the markets, a pessimistic mood prevails among investors. This situation is clearly reflected in the Bitcoin derivatives market as well.