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#Market_Update The global crypto market slipped -1.39% in the last 24 hours, though it still holds a +4.26% gain on the week. This pullback appears to be a healthy pause within the broader uptrend, driven by three main factors:
✅ Profit-taking after gains – The strong 7-day rally (+4.26%) encouraged short-term traders to lock in profits.
✅ Fed rate cut anticipation – With 97% odds of a 0.25% cut at Wednesday’s FOMC, traders trimmed risk exposure ahead of the decision.
✅ Derivatives rebalancing – Perpetual futures volume dropped 27%, while open interest climbed 14%, suggesting cooling speculative leverage.
🔎 Overall, the dip seems more like a reset than a reversal. Market participants are positioning cautiously before the Fed outcome, while underlying sentiment remains constructive.
🚀 If the Fed delivers as expected, we may see Bitcoin dominance strengthen and fresh momentum across major altcoins in the days ahead.
#BullishSoon