Overview
- Bitcoin hovered near $116,000–$117,000 and Ethereum traded around $4,500 as traders positioned for a widely expected 25‑basis‑point rate cut, with CME FedWatch showing roughly 96% odds.
- Spot ETF demand remained a key support: U.S. Bitcoin ETFs took in about $260 million on Monday and $292.3 million on Tuesday, while Ethereum ETFs saw roughly $359.7 million of inflows Monday before an estimated $61.7 million outflow Tuesday.
- Dogecoin held around $0.26–$0.27 after briefly touching ~$0.30, with heightened volatility linked to anticipation of a Rex‑Osprey DOGE ETF and futures open interest near $6 billion, according to Coinglass.
- Derivatives positioning signaled rising risk into the decision, with more than $200 million in 24‑hour liquidations reported across crypto and analysts warning of a potential long squeeze as open interest builds at resistance.
- Speculation about a potential CZ return to Binance increased after his X profile change and reports the exchange is negotiating with prosecutors over compliance terms, with BNB marking a record high near $963.