"Since touching $94k yesterday, BTC has slowly ground down, but is seeing strong support at $92k. ETF flows were low yesterday, with a net inflow of $40m across all of the BTC ETFs. The anticipation of the FOMC meeting is palpable in the market, with tight trading on lower volume in spot. Funding rates on perpetual futures have fallen across exchanges to nearly flat levels, as traders wait to see what will happen in the next few hours."
"Ethereum is defending the $3.3k level vehemently since crossing it on December 9th, showing renewed interest and strength after the second largest crypto has had a tough 4th quarter. ETH is leading the way over BTC, seeing more volume in ETF products yesterday. ETH ETFs saw $117m in inflows yesterday, as retail shows desire to own exposure to the world's most unstoppable computer."
Markets are positioned cautiously ahead of the 2025 FOMC meeting as traders await Fed Chair Jerome Powell’s presser. Bitcoin currently trades around $92,000 after slipping from $94,000, finding strong support at $92,000 while ETF flows showed a modest $40 million net inflow yesterday. Perpetual futures funding rates have dropped to near-flat levels across exchanges. Ethereum is defending $3,300 after crossing it on December 9 and attracted $117 million in ETF inflows yesterday, showing stronger ETF demand than Bitcoin. Overall spot trading is tight on lower volume as participants pause for the Fed’s language.
Read at 24/7 Wall St.
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