#btcvsgold #TrumpTariffs #CPIWatch :
BTC Steadies Around 90k With Liquidity Drained and a Fed Cut Fully Priced In:$BTC
Bitcoin is hovering around 90k after a weekend of sharp but short-lived swings that exposed how thin year-end liquidity has become.
QCP notes that perp open interest in both BTC and ETH has dropped by nearly half since October, weakening the market’s ability to absorb directional trades.
Polymarket odds show traders have already priced in this week’s 25 bp cut and lean toward a January pause, signaling expectations for a shallow easing path rather than a full cycle.
This explains why BTC remains range-bound due to low activity, and why outsized moves are more likely to come from guidance surprises than from the rate decision itself.
“The Fed’s rate cut may be the headline, but the more important shift is the widening gap in policy signals across major central banks. The BOE is divided, the ECB is holding firm, and the BOJ is preparing to tighten at yield levels last seen in 2007, all against a backdrop of rising friction across key Asian economies,” Gracie Lin, CEO of OKX Singapore, told CoinDesk.
Gold dipped slightly on Monday as traders stayed cautious ahead of the Fed’s policy meeting, with markets pricing a high likelihood of a rate cut and waiting for Powell’s guidance on future moves.$BNB
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