🔥 Bitcoin Trade Update: Calm Before the Breakout?

Bitcoin is trading in a tight range today, with volatility dropping to a two-year low. While the market looks calm, leverage and macro signals suggest a big move may be near.

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📉 Price Snapshot

Current Price: ~$115,350

Range: $118,519 – $115,139

Change: –2.1%

BTC is consolidating. A break above $118K–$120K could spark a rally, while slipping under $115K risks deeper losses.

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📊 Key Market Drivers

Volatility: ~36% (multi-year low).

Fed Rate Cut Odds (Sept): 84.6%.

On-Chain Borrowing: $26.5B (+42% QoQ).

Crypto Lending: $531B (all-time high).

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📌 Takeaway

Bitcoin’s calm phase may be the calm before the storm. With leverage building and Fed policy in focus, traders should watch $115K support and $120K resistance for the next decisive mo#PowellWatch