Overview

• Bitcoin is trading around $94,000 as traders anticipate a Federal Reserve decision on interest rates, with a 97% probability of no rate change priced in.
• U.S.–China trade negotiations continue to weigh on market sentiment, with limited progress reported and traders monitoring developments closely.
• Technical analysts warn of a potential decline to $90,000 if Bitcoin fails to maintain key support levels between $92,500 and $94,000.
• Despite recent price pullbacks, Bitcoin spot ETFs recorded $1.81 billion in net inflows last week, reflecting ongoing institutional interest.
• On-chain data reveals long-term holders' unrealized gains nearing 350%, a threshold historically linked to increased profit-taking and sell pressure.