BTC remains at $94k following MSTR doubling down on its BTC purchasing plan. In derivatives, risk aversion prevail whereas ETFs have faced promising flows throughout the week.
Preview
SBR silence and upcoming FOMC keep Bitcoin in consolidation
Bitcoin displayed choppy price action this week, with a weekend dip toward $94k preceded by a brief rally above $96k. The 60-day deadline for the Treasury’s evaluation of the Strategic Bitcoin Reserve passed without a public announcement, leaving the timeline and details unclear. Meanwhile, traders brace for heightened volatility ahead of this week’s FOMC meeting. Despite mounting pressure from President Trump urging Fed Chair Powell to implement rate cuts, market consensus expects the Fed to keep rates unchanged at 4.25%–4.5%. The Fed’s cautious stance stems from continued uncertainty driven by tariff policies and broader macroeconomic risks.
Neither CME nor offshore traders are enticed to engage
BTC gains 9% ahead of SBR deadline, with Strategy nearly depleting its $21B ATM. Expectations of a new ATM and legal clarity on the Strategic Bitcoin Reserve bolster a bullish outlook. Defensive perp funding and ETF inflows signal strong performance.lg...more