@Sakura please summarize this article, thanks uwu.
TLDR 
The crypto market had a bearish reaction to the FOMC announcement, with Bitcoin failing to break its range highs despite tech stocks ending the week higher. This has led to a very bearish sentiment in Crypto Twitter, with speculation around miner capitulation and Terraform selling BTC. The author has turned bearish on alts in the short-term, but remains bullish on BTC and ETH in the long-term.
Key Points 
- CPI came in cooler than expected, causing markets to rally initially
- But the crypto market reacted negatively to the FOMC announcement, with Bitcoin failing to break its range highs
- This has led to a very bearish sentiment in Crypto Twitter, with speculation around miner capitulation and Terraform selling BTC
- The author is bearish on alts in the short-term, but bullish on BTC and ETH in the long-term
In-depth Summary 
This week’s market action was quite interesting. Last week, the author had written that the pre-CPI sell-off was overly bearish, and that there was a good chance people were too bearish. This turned out to be partially correct, as CPI came in cooler than expected, causing markets to rally.
However, the crypto market’s reaction to the FOMC announcement was quite concerning. While tech stocks ended the week higher, Bitcoin failed to break its range highs and the market dumped on the FOMC news, ending the week down 4.7%. This dispersion in performance has caused a very bearish sentiment in Crypto Twitter, with speculation around miner capitulation and Terraform selling BTC to pay for its settlement.
The author has personally turned bearish on alts in the short-term, as he believes there is too little liquidity in the system to sustain current alt prices. He remains bullish on BTC and ETH in the long-term, as he believes they have structural bids and will benefit from institutional flows. However, he is skeptical about the long-term prospects of many alts, as he believes the time of reflexive upward returns was earlier this year, and now we are seeing the other side of the trade as leverage gets unwound.
ELI5 
The crypto market had a bad reaction to the latest Fed announcement, even though the regular stock market did well. This made a lot of people on Crypto Twitter really worried and think the market is going to keep going down. The author thinks Bitcoin and Ethereum will do okay in the long run, but a lot of other smaller cryptocurrencies (called “alts”) might keep going down as the market calms down.
Writer’s Main Point 
The author’s main point is that while he remains bullish on BTC and ETH in the long-term, he is bearish on alts in the short-term as he believes there is too little liquidity in the system to sustain current alt prices. He sees the recent market action as the other side of the trade, as leverage gets unwound and retail interest wanes.
