📊 $BTC
Holds Steady Amid Fed Turmoil — Cook Threatens Trump with Legal Action
Bitcoin (BTC) is trading steady around $110,700 on Wednesday, consolidating after a sharp rebound from Tuesday’s dip. Markets remain cautious as political tensions rise between the Federal Reserve and President Donald Trump.
⚖️ Fed vs. Trump: Independence at Risk
Federal Reserve Governor Lisa Cook has announced plans to sue Trump following her sudden dismissal, intensifying debates over the Fed’s independence. Despite the turmoil, both BTC and the U.S. Dollar stayed resilient in early trading.
💹 Institutional Demand Returns
According to SoSoValue, U.S.-listed Bitcoin spot ETFs recorded $88 million in net inflows on Tuesday, breaking a six-day outflow streak since August 15. This signals that institutional appetite for Bitcoin remains intact despite market volatility.
📈 Leverage Risks Mount
Fresh analysis from K33 Research shows that perpetual futures leverage has climbed to two-year highs. Open Interest rose by 13,472 BTC between Friday and Monday — heightening the risk of a potential short or long squeeze.
🔎 Technical Outlook
BTC recently retested and held its 100-day EMA ($110,827) after briefly dipping below it.
A sustained hold above this level could pave the way for a rebound toward $116,000 resistance.
Failure to defend the EMA, however, risks renewed downside momentum.
✅ Bottom Line: Bitcoin is consolidating above key support as political tensions between the Fed and Trump dominate headlines. ETF inflows hint at recovering institutional demand, but high leverage levels raise the risk of sharp volatility ahead.
