Market cap down 5.57% this week. Fear & Greed at 27. $BTC 648M in ETF outflows. Here's why. US-Iran negotiations are deteriorating. Oil holding above $USD1 00. Fed rate cut expectations are dead — CME FedWatch now showing 48.6% probability of a rate hike before year end. Not a cut. A hike. That single number explains everything. When the market that was pricing in multiple rate cuts is now pricing in a potential hike, everything risk-on gets repriced. Fast. $BTC has been range-bound between $76K and $78K for days, repeatedly testing the $76K floor. Each test that holds is good. Each test gets weaker. Altcoins are taking it worse. Total market down hard. Sentiment is at levels not seen since 2022. But here's the thing most people miss when they search "crypto bear market" — Google Trends data shows that search term is now at its highest level in five years. Higher than the 2021 crash. Higher than 2022. Historically, peak fear searches align with the moment most of the selling is already done. The macro is ugly. The sentiment is worse. But maximum fear has a track record of being exactly the wrong time to exit. #FedHikesBackOnTheTable $BTC $ETH#FedHikesBackOnTheTable #TrillionDollarIPOs #SECTokenizationDelay