The Federal Reserve’s 0.25% rate cut, coupled with Glassnode data on Bitcoin’s ‘fragile range,’ signals a challenging market for BTC, potentially keeping it below $100K amidst inflation and growth concerns.
Bitcoin’s market turns positive as Futures Open Interest and Net Taker Volume signal renewed bullish sentiment. Glassnode and CryptoQuant data reveal key support levels and reduced selling pressure, indicating potential for further price growth.
Bitcoin price weakens as spot volume and futures sentiment drop, threatening a retest of the $99,000 support. On-chain data reveals cooling market activity and waning bullish sentiment.
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