Part 2/12:
The recent downturn prompted questions: Are we facing a bull trap, or have we perhaps reached a local bottom? To answer this, a comprehensive analysis of on-chain data, market sentiment, and macroeconomic signals was conducted, providing insights into where the market may be headed.
Key Takeaways from the Recent FOMC Meeting
A pivotal macroeconomic backdrop frames the current crypto landscape: the Federal Open Market Committee (FOMC) recently announced it’s unlikely to hike interest rates further in the immediate future, signaling a cautious pause rather than aggressive tightening. The decision to slow the pace of quantitative tightening (QT) indicates that the Federal Reserve might be shifting toward easing measures, or at least halting further rate hikes.