Bitcoin futures metric adds $1.2B after FOMC, but retail investor spending is down 50% — Why?
Bitcoin trades above $100,000, but investors’ “unit bias” and the rise of spot BTC ETFs have drastically decreased retail investors’ presence in the market.
After a relatively predictable FOMC, Bitcoin’s (BTC) price action turned bullish, with the cryptocurrency rallying as high as $106,500 on Jan. 30. Bitcoin registered a positive breakout from a descending trendline, increasing the probability of another leg higher in the chart.
Bitcoin 1-day chart. Source: Cointelegraph/TradingView
A daily close above $105,000 will be BTC’s only third instance above the threshold since breaking the six-figure price level on Dec. 8, 2024.
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Author: Biraajmaan Tamuly
