The Interest Rate Decision is Hours Away: What Are Analysts Saying?

Bitcoin is currently trapped in a narrow range around $94,000 ahead of the Fed's interest rate decision. Analysts say that the rate cut is largely priced in, and the main direction will be determined by the messages delivered by Powell.

As markets await the Fed interest rate decision to be announced on Wednesday, Bitcoin hovers around $94,000. Analysts emphasize that the forward-looking message from Fed Chair Jerome Powell will be more decisive for market direction than the rate cut itself.

The Key Factor Will Be Powell's Statements

According to Nansen and BRN analysts, the market has already priced in an expectation of a rate cut. Therefore, Powell's announcement tomorrow could have a more powerful market impact than the cut itself. Additionally, there was an outflow of $60 million from spot ETFs on Monday, specifically #Bitcoin . In contrast, ETH, SOL, and XRP products recorded inflows of $35 million, $1 million, and $38 million respectively.

BRN Research Director Timothy Misir noted that the flows showed selective positioning rather than broad-based risk reduction. Misir also stated that the drop in the cumulative spot volume difference from -$40 million to -$111 million indicates that selling pressure is continuing, but the spot price has remained resilient.