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BeInCrypto· Kamina Bashir·· 3d ago

Bitcoin traders position opposite ahead of Fed decision as spot holders move coins off exchanges

Original source: BeInCryptoRead original
AI brief

Bitcoin rose 1.54% to $80,837 over the past 24 hours as the broader crypto market climbed ahead of the Federal Reserve's rate decision. Spot holders moved a net 14,942 BTC off exchanges, the largest single-day outflow in five weeks, while Binance futures traders leaned slightly toward short bets with a long/short ratio near 0.95. Santiment identified $80,000 as a key support level; holding it could pave the way for a rebound toward $82,500 to $84,000, while a drop below $79,000 would weaken the setup.

Source: BeInCrypto · beincrypto.com