Bitcoin News

Story: Federal Reserve Decision Looms as Bitcoin Investors Adopt a Wait-and-See Strategy

By Julie Binoche

1 / 15

Global optimism returns, but crypto traders remain cautious. Bitcoin (BTC) has seen mild gains over the past week, reflecting growing optimism in global markets.

2 / 15

Korean traders lead the buying trend. An interesting dynamic has emerged from Asia, particularly South Korea.

3 / 15

Short-term holders hint at potential expansion. On-chain data from CryptoQuant adds another layer of optimism.

4 / 15

Federal Reserve’s decision could define November’s trend. All eyes now turn to the upcoming Federal Open Market Committee (FOMC) meeting.

5 / 15

Bitcoin investors trim exposure, but sentiment stays positive. CoinGlass data reveals a $56 million net outflow from Bitcoin spot exchanges over the past two days.

6 / 15

Broader implications for Bitcoin and the market. If the Fed opts for a rate cut, it would likely lower borrowing costs and stimulate liquidity…

7 / 15

Outlook: cautious optimism ahead of November. As October draws to a close, Bitcoin is positioned in a delicate balance between optimism and…

8 / 15

As global markets edge closer to the highly anticipated Federal Reserve (Fed) decision, Bitcoin investors are treading carefully.

9 / 15

Historically, easing uncertainty has often paved the way for stronger Bitcoin rallies. Data comparing Bitcoin’s performance with the S&P 500 highlights this relationship:…

10 / 15

An interesting dynamic has emerged from Asia, particularly South Korea. The Korean Premium Index — a metric tracking price differences between local and international exchanges —…

11 / 15

Following a brief decline in interest earlier this month, sentiment among Korean investors has turned notably bullish.

12 / 15

On-chain data from CryptoQuant adds another layer of optimism. The Short-Term Holder Spent Output Profit Ratio (STH-SOPR), combined with Bollinger Band analysis, shows that…

13 / 15

Historically, such conditions have preceded strong upward movements, with analysts estimating a short-term price cap around the 1.02 level on the STH-SOPR chart.

14 / 15

Still, the optimism is tempered by slower institutional activity. Glassnode data reveals that large-scale buyers — often hedge funds and asset managers — have reduced their daily…

15 / 15

All eyes now turn to the upcoming Federal Open Market Committee (FOMC) meeting. Market expectations, according to CME FedWatch data, point toward a 25-basis-point rate cut, which…

The Currency Analytics

Want the full story?