On-Chain Data Reveals Bearish Signal as Traders Expect Fed Rate Stability

Market Downturn: Bitcoin Sends Bearish Signals

Recent on-chain data indicates a consistent decline in Bitcoin market activity, with weak spot demand and tightening liquidity. Prices have been fluctuating around $75,000, signaling a clear bearish trend.

Declining Momentum in the U.S. Market

U.S. spot Bitcoin ETFs have shifted from net buyers to net sellers, while the Coinbase premium remains negative, highlighting a significant drop in demand that once fueled the bull market.

Macro Conditions Continue to Weigh In

Expectations that the Fed will keep interest rates unchanged in April, combined with rising political pressure on policy decisions, are intensifying liquidity constraints and affecting crypto and tech-related risk assets in Asia.