Bitcoin stalls after post-FOMC slide as inflation data looms over December, analysts say

Bitcoin traded below $90,000 as crypto markets entered a week focused on macro data, with traders cautiously positioned ahead of U.S. inflation releases (CPI, PCE) that analysts believe will dictate market sentiment for the rest of December. Following the Federal Reserve's recent 'hawkish cut,' sentiment has cooled, and the focus has shifted entirely to economic data to gauge future monetary easing. Analysts suggest softer inflation data could favor risk assets, while upside surprises might reinforce the Fed's cautious stance. Meanwhile, speculative leverage was reduced after significant liquidations, and Bitcoin's hashrate dropped following mining shutdowns. On-chain data indicates reduced selling pressure from large holders, as 'wholecoiner' inflows to Binance have collapsed to multi-year lows, signaling easing internal stress despite the stagnant price action. Analysts conclude that the next major directional move will be determined by inflation data and rate expectations, advising capital preservation over aggressive positioning.

(Source：The Block)