๐ช Bitcoin ($BTC ) โ Still Camping Around $90,000 ๐๏ธ
After a wild weekend of flash spikes and instant dumps, BTC is back to range-bound life. Why? Year-end liquidity has basically evaporated ๐ง. Everyoneโs on holiday, desks are half-staffed, and perp open interest (OI) has been slashed nearly 50% since October (shoutout QCP Capital for the data ๐). Translation: the market canโt absorb big directional bets anymore, so every tiny move feels like a 10x levered rollercoaster ๐ข.
๐ Whatโs Fully Priced In?
Polymarket traders are 99% sure the Fed drops 25 bps this week, and theyโre already leaning toward a PAUSE in January. So the actual rate cut? Yawn ๐ฅฑ. The real fireworks will come from Powellโs tone and the updated dot plot. Guidance > the cut itself right now.
๐ Global Central Bank Chaos = New Meta ๐
While the Fed is easing (slowly), the rest of the world is all over the place:
- ECB sounding surprisingly hawkish ๐ค
- BOE completely split down the middle ๐ด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ
- BOJ quietly prepping to hike rates to levels not seen since 2007 ๐ฏ
OKX Singapore CEO Gracie Lin nailed it:
> โThe bigger story isnโt the Fed cut everyone expects โ itโs the widening policy gap across major central banksโฆ Recent deleveraging actually cleaned up the market structure, removing overcrowded trades and giving prices real room to breathe.โ
Thatโs why BTC managed to claw back toward $91K yesterday โ cleaner books + macro confusion = volatility but also opportunity ๐
๐ Quick Market Snapshot (Tuesday morning Asia time)
- BTC: ~$90,300โ$90,800 ๐ด (slight bleed)
- ETH: ~$3,420 ๐ข (still outperforming BTC, hit freshest ETH/BTC ratio in 5 weeks)
- Gold: $2,650 ๐ก (soft ahead of FOMC)
- Nikkei 225: -0.8% ๐ (tracking Wall St weakness)
- US 10Y Yield: creeping higher again ๐ (risk-off vibes)
๐ฐ Other Crypto Headlines Flying Under the Radar
- 40% of Canadian crypto holders flagged for potential tax evasion ๐ฌ (CRA is watching)
- Ondo Finance just escaped a Biden-era SEC probe with zero charges ๐ฅณ
๐ฏ Bottom Line
Expect choppy, low-volume, high-volatility trading until Powell speaks. The 90K is the magnet for now, but any surprise in the dot plot or hawkish commentary could send us straight to 85Kโฆ or flip the script and ignite a fresh leg toward 100K.
Stay nimble, keep leverage low, and enjoy the calm before the FOMC storm โก
See you on the charts! ๐๐
