PANews reported on September 16 that according to the Bitfinex Alpha report, the Federal Reserve is expected to cut interest rates by 25 basis points, and BTC faces volatility risks. In the past week, BTC ETFs recorded a net inflow of US$403.9 million, reversing long-term outflows, indicating that investors' confidence in the asset has been rekindled. The rebound was mainly driven by active buying in the spot market. In contrast, the volatility in the futures and perpetual contract markets is less obvious, indicating that the current price increase is based on real capital inflows rather than speculative leverage, providing a more sustainable basis for the rebound. However, BTC now faces a key resistance level between $60,500 and $61,000, which has been crucial since early March. Although ETF inflows remain strong, there are signs that stagnation may occur as spot CVD (the difference between exchange buy and sell orders) flattens over the weekend.
Analysts believe that the possibility of market volatility this week is quite high, driven by investors' expectations of the Federal Reserve's rate cut decision. Whether the rate cut is 25 or 50 basis points, it is likely to swing between bullish optimism and cautious risk-taking. At the same time, Bitcoin's correlation with stocks is increasing, indicating that the trends in traditional financial markets may have an increasing impact on Bitcoin's price. Bitcoin has also decoupled from gold, which hit a record high last week, indicating that in a risk-averse environment, investors' preferences are turning to traditional safe-haven assets.
