Bitcoin’s comeback is now in the Fed’s hands after big investors piled back in
CryptoSlate
Institutional investors are returning to Bitcoin, but the market's recovery faces a crucial test regarding the Federal Reserve's upcoming monetary policy decisions.Summary
Institutional demand for Bitcoin has surged, evidenced by three consecutive weeks of over $1 billion in crypto investment product inflows and increased activity on regulated derivatives platforms. While this multi-channel growth suggests a structural recovery, market indicators show that Bitcoin is approaching a technical resistance ceiling of $80,100, where profit-taking risks are high. The Federal Reserve's upcoming FOMC meeting is now the primary catalyst that will determine whether this rally can sustain its momentum or succumb to macroeconomic headwinds.
(Source：CryptoSlate)