Bitcoin (BTC) is stuck in a narrow price range as investors wait for the U.S. Federal Reserve to announce its interest-rate decision on Wednesday. Selling has slowed, but buying has not been strong enough to push BTC clearly higher.<\/p>\n
According to Bitfinex Alpha, Bitcoin has traded within a 5.5% range for more than 24 sessions, keeping the market quiet. The report says<\/a> the next move could depend on whether new demand returns after the Fed decision, as traders have built positions at both ends.<\/p>\n About 840,000 BTC have a cost basis within this narrow range, meaning they were bought at prices inside it. Glassnode\u2019s sell-side risk ratio has fallen to seven basis points, showing that long-term holders are taking fewer profits.<\/p>\n Newer investors now account for most of the remaining supply, but trading activity remains low. In other words, sellers have become less aggressive without a strong wave of new buyers stepping in.<\/p>\n Leverage has also built up around the current price levels, which could make any breakout more volatile. CoinGlass data show about $1.95 billion in possible short liquidations near $82,000, while long positions are concentrated around $75,000 to $76,000.<\/p>\n Institutional demand has also weakened, adding another obstacle to a sustained move higher. U.S. spot Bitcoin ETFs saw over $460 million in outflows<\/a> last week, selling approximately 5,900 BTC, while Ether ETFs took in $196.9 million. September ETF flows remain positive, but recent outflows show weaker institutional demand could limit Bitcoin\u2019s upside.<\/p>\n Inflation is adding<\/a> another challenge, with August prices rising 0.4% from the previous month and 3.4% over the year. Core inflation eased to 2.4%, but gasoline prices rose 3.9%, and diesel reached $5.65 per gallon.<\/p>\n Higher energy costs could keep inflation elevated, especially as Brent crude trades above $100 a barrel and U.S. strategic reserves fall to 285.4 million barrels. This could reduce expectations for easier monetary policy and keep pressure on interest rates.<\/p>\n Markets now see an 88.5% chance of a 25-basis-point rate hike on September 16. The U.S. 10-year real Treasury yield has risen to 2.55%, making non-yielding assets such as Bitcoin less attractive to some investors.<\/p>\n The post Bitcoin Stays Stuck as Traders Wait for the Fed\u2019s Next Move<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) is stuck in a narrow price range as investors wait for the U.S. Federal Reserve to announce its interest-rate decision on Wednesday. Selling has slowed, but buying has not been strong enough to push BTC clearly higher. According to Bitfinex Alpha, Bitcoin has traded within a 5.5% range for more than 24 sessions, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-228228","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/228228"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=228228"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/228228\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=228228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=228228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=228228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Selling Eases, but Buyers Remain Cautious<\/h2>\n
Inflation Keeps Pressure on the Fed<\/h2>\n