"Bitcoin failed once again to establish firm footing above 90,000 dollars, reflecting a market still hesitant to commit to a decisive direction. The setup, however, may shift quickly this week as investors wait for the Federal Reserve decision and, more importantly, Jerome Powell's tone. A dovish surprise shift from Powell at Jackson Hole back in August boosted Bitcoin by 4% and Ethereum by 14%. Traders now might be wondering whether a similar tone this week could reignite momentum."
"For the moment, spot ETF flows suggest limited conviction for a clear direction. According to SoSo Value, December trading has not produced a single inflow or outflow above the 100-million-dollar mark except once, mirroring the indecision that dominated late November as well. This absence of directional capital keeps Bitcoin confined to tactical trading rather than sustained accumulation. Futures markets are equally muted. Data from CoinGlass shows total open interest hovering around 127 billion dollars, near May's lows,"
Bitcoin failed once again to establish firm footing above $90,000 as the market hesitates to commit to a decisive direction. Investors await the Federal Reserve decision and Jerome Powell’s tone, which previously sparked notable crypto gains after a dovish surprise at Jackson Hole. Current indicators show mixed signals: spot ETF flows lack large inflows or outflows, futures open interest remains low near $127 billion, and Coinbase on-balance volume is sideways. On-chain whale activity is largely flat with minor wallet changes. Overall, directional capital and leveraged positioning are subdued, leaving price action confined to tactical trading rather than sustained accumulation.
Read at London Business News | Londonlovesbusiness.com
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