Bitcoin Holds Stable While Crypto Markets Enter a Cooling Phase

Key Points

1. Bitcoin recently stabilized around $118,000, slightly below its peak of $123,000 on July 14.

2. The Bitcoin Heat Macro Index is at 44%, indicating a balance between bulls and bears, with no decisive profit-taking leading to large exits.

3. The Crypto Fear and Greed Index remains in 'greed' territory, showing that risk appetite hasn't fully diminished.

4. The FOMC concludes its two-day meeting, with futures markets indicating a 97.9% expectation for maintaining the current policy rate.

5. Market commentator Crypto Dan anticipates a brief consolidation phase, aligning with predictions of Bitcoin rising to $250,000 by late 2025.