- \n
- \n
Bitcoin still trades in its 18-day range despite a breakdown below $116,000.<\/p>\n<\/li>\n
- \n
The latency between pro-crypto policy from US regulators and the Trump administration and Bitcoin price has left traders feeling anxious.<\/p>\n<\/li>\n<\/ul>\n
Bitcoin sold off sharply on Wednesday following the Federal Reserve\u2019s release of the FOMC minutes and Fed Chair Jerome Powell\u2019s presser, where he explained why the central bank elected not to cut interest rates. Prices rebounded on Thursday after US equities and crypto markets returned their focus to the fundamentals at hand and the projected longer-term impact of President Trump\u2019s economic mandate.\u00a0<\/p>\n
Despite the sharp drop below $116,000, BTC continues to trade in the $115,000 to $121,000 range it has been in for the last 18 days, and data suggest a range expansion is imminent.\u00a0<\/p>\n
Analysts at Hyblock Capital described the pre- and post-FOMC price action as a liquidity hunt where \u201ca classic indecision 15m candle emerged with wicks on both sides as markets wavered.\u201d The analysts pointed to the bid-ask-ratio metric at 10% orderbook depth turning red, which heightened the chance of price tapping a liquidation level at $115,883.\u00a0<\/p>\n
BTC\/USDT after FOMC minutes. Source: X \/\u00a0<\/em>Hyblock<\/em>\u00a0<\/em><\/figcaption><\/figure>\n Looking at the current liquidation heat map for the BTC\/USDT perps pair at Binance and Bybit, the liquidation and price range remains unchanged, with short liquidations accelerating above $120,000 and longs at risk of liquidation below $115,000.\u00a0<\/p>\n
BTC\/USDT liquidation heatmap. Source: Hyblock<\/em><\/figcaption><\/figure>\n Aggregate orderbook (2.5% to 10% depth) data from TRDR shows sell walls thickening at $121,100 and substantial bids appearing at $111,000.\u00a0<\/p>\n
BTC\/USDT one-hour chart, Binance. Source: TRDR.io<\/em><\/figcaption><\/figure>\n Price compression led to downside range expansion<\/strong><\/h2>\n
On Wednesday, Cointelegraph analysts suggested that\u00a0Bitcoin\u2019s price compression\u00a0and absence of aggressive leverage use in its futures markets are signs that BTC is on the verge of a range expansion. At the time, the Bollinger Bands had also narrowed, with BTC price trading above the 20-day moving average, leading many traders to predict an upside breakout.\u00a0<\/p>\n
BTC\/USDT one-day chart, Binance. Source: TRDR.io<\/em><\/figcaption><\/figure>\n Although the market has chosen to target Bitcoin\u2019s downside liquidity, several positive actions remain at play. Capriole Investments founder Charles Edwards said that Bitcoin\u00a0treasury buyers per\u00a0day have taken off over the past six weeks, \u201cwith more than three companies buying Bitcoin every single day.\u201d Edwards also noted that his \u2018treasury buys and sells\u2019 metric shows that \u201cthere\u2019s currently 100:1 buyers versus sellers per month.\u201d\u00a0<\/p>\n
Bitcoin treasury buyers vs. sellers. Source:\u00a0<\/em>Charles Edwards<\/em>\u00a0\/ X\u00a0<\/em><\/figcaption><\/figure>\n Related:\u00a0<\/strong><\/em>Bitcoin price retargets $119K as treasuries buy 28K BTC in two days<\/strong><\/em><\/p>\n
Inflows to the spot Bitcoin ETFs have also resumed after witnessing $285 million in outflows last week. Data from SoSoValue shows that since July 23, the ETFs have seen $641.3 million\u00a0total netflows, despite Bitcoin’s price selling off.<\/p>\n
This week\u2019s White House crypto report and Thursday\u2019s American Leadership in the Digital Finance Revolution speech by SEC Chair Paul Atkins also set a precedent by laying out a clear set of policy objectives for how the administration of US President Donald Trump and regulators intend to prioritize the growth of the cryptocurrency sector in the US.<\/p>\n
While their immediate impact may not be reflected by crypto prices, they do set the foundation for broader adoption and give institutional investors the signal to confidently increase their allocations to Bitcoin and other cryptocurrencies.\u00a0<\/p>\n
Bitcoin sells off after FOMC. Source:\u00a0<\/em>Cointelegraph Markets<\/em>\u00a0\/ X<\/em><\/figcaption><\/figure>\n In the short term, if Bitcoin sellers continue to dominate the market, a price drop to absorb long liquidity in the $115,000 to $111,000 range seems likely. For the bulls, the most desired outcome would be a strong bid at $111,000, generating a high volume spike to reclaim the range above $116,000. An even better outcome would involve the spot and perpetual futures CVD turning positive as buyers make a push in both markets to secure a daily close above the $120,000 resistance.\u00a0<\/p>\n
*********************************<\/p>\n
If one of the paying programs on our Monitor appeals to you, please support EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n
EN web Support Chat<\/strong> | Hyips and Crypto questions \u2013 HyipChatEN<\/a><\/strong><\/p>\n
Telegram Chat for Crypto and Hyip reports: @HyipChatEN<\/a><\/strong><\/p>\n
*********************************<\/p>\n
Be the first to get most important HYIP news everyday!
\nSimply Follow EN Facebook<\/strong><\/a>, EN Telegram<\/strong><\/a>, EN Twitter<\/strong><\/a>
\nor Subscribe to EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\nIf you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n
![\"\"](\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\")
<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"