Bitcoin Faces Potential Consolidation as Fed Pauses Rate Cuts and Long-Term Holders Trim Exposure

Key Points

1. The Federal Reserve maintained interest rates at 4.25-4.5%, reducing near-term rate cut expectations and affecting Bitcoin's price momentum.

2. Long-term Bitcoin holders have distributed approximately 207,000 BTC in the past month, indicating potential risk management amid market uncertainty.

3. The Total Unrealized Profit (NUPL) metric reached a historic $1.4 trillion, suggesting increased selling pressure if market sentiment shifts.

4. The Fear & Greed Index has declined, signaling reduced risk appetite among traders and a cautious trading environment.

5. September rate cut odds fell from over 90% to 41%, while the probability of zero cuts in 2025 rose to 25%, recalibrating market expectations.