Bitcoin falls as traders cut risk ahead of FOMC: Will TradFi, spot ETF volumes bolster $70K support?

💡 DMK Insight

Bitcoin’s price volatility is heating up ahead of the FOMC meeting, and here’s why that matters: Historically, we see significant price swings around these events, and this week is no exception. With Bitcoin hovering near the $70,000 support level, institutional buying could play a crucial role in maintaining that floor. If institutions step in, it could signal confidence and potentially attract more retail traders, creating a positive feedback loop. On the flip side, if we break below that support, we might see panic selling, leading to a sharp decline. Keep an eye on the FOMC’s decisions and statements, as they could influence market sentiment. Traders should monitor the volume of BTC transactions and any significant movements from whale wallets, as these could indicate where the market is headed. The next few days are critical—watch for volatility spikes and be ready to adjust your positions accordingly.