Whale's Insight: Every New Fed Chair, Every Bitcoin Crash
BloFin Research·2026-05-01·via All Articles on Seeking Alpha
Summary
Every Fed chair transition in Bitcoin's history has triggered a major drawdown: Yellen (−83%), Powell I (−84%), Powell II (−77%).
Warsh takes office May 15, facing 3.3% CPI, $115 oil, and a Hormuz blockade in its tenth week.
On-chain supply is at a 7-year low, and whales are still accumulating, but demand has stalled.
All four Mag 7 earnings beat on revenue; markets only cared about capex.
Robinhood's crypto revenue fell 47% while event contract volume hit record highs.
ismagilov/iStock via Getty Images
Warsh takes the Fed chair on May 15. Every previous transition crashed Bitcoin (BTC-USD) by at least 77%. This time, he inherits $115 oil, 3.3% CPI, and a Hormuz blockade in its tenth week. The macro pressure is greater than any
