Daily News || Bitcoin Holds Steady After Fed Cut — Altcoins Flex as Market Prepares for Next Leg Higher
BTC stable above $115k, massive inflows signal accumulation; ETH, SOL, XRP, AAVE show breakout potential
🪙 Crypto Market
Bitcoin absorbed the Fed’s rate cut without major volatility, a bullish sign given the scale of the macro catalyst. Just before the decision, nearly 30,000 BTC ($3.4B) flowed into long-term accumulation addresses—the second-largest daily inflow of 2025. That scale of buying underscores strong conviction, even as spot price appeared muted.
Technical Landscape
BTC continues to respect the Wyckoff re-accumulation roadmap, transitioning into its Last Point of Support (LPS) stage. Near-term:
Momentum above $117k opens a lane toward $118.6k–$120k.
Risk remains for a tactical squeeze under $116k to flush weak hands before continuation.
The next upside range is $117k–$120k, with $120k as the key psychological barrier.
Altcoin Strength
The Total Crypto Market Cap ex-BTC chart has broken out, paving the way for altcoin leadership:
Ethereum (ETH): Above $4,650 strengthens the case for a run past $5,000, with eyes eventually on $6,000.
Solana (SOL): Retests near $220 may not return—momentum suggests a stretch toward $300+ in a strong BTC-led cycle.
XRP & AAVE: Highlighted as undervalued majors; both sit well below highs and could benefit disproportionately from a broad market rotation.
Market Structure & Positioning
Stablecoin dominance: Breaking down further—clear sign of capital rotating into crypto.
Order flow: Spot volumes on Binance have overtaken all other exchanges combined, historically a signal of strong participation from market makers and larger players.
Positioning: Top traders lean long toward $120k, while retail remains heavily short. This Goldilocks mix often fuels rallies as squeezes play out.
Momentum gauges: Even with muted BTC action post-Fed, trend signals continue to ease lower—historically a bullish configuration in trending markets.
Macro Angle for Crypto
The Fed’s 25 bp cut was widely expected, but what matters for crypto is the confirmation of a dovish easing path into year-end. Lower yields and a weaker dollar reduce headwinds for BTC/ETH, while supportive risk sentiment globally adds to the tailwinds.
📌 Key Takeaways
BTC inflows signal conviction: $3.4B moved into long-term wallets pre-Fed cut.
$117k–$120k zone is the next major battleground; acceptance above unlocks ATH potential.
Alts breaking out: ETH above $4,650 and SOL strength lead the rotation; XRP/AAVE show value setups.
Retail vs. pros: Retail shorts vs. pro longs = contrarian fuel.
Macro backdrop: Fed easing, weaker USD, and positive risk sentiment all favor crypto upside.
🎯 Strategy Snapshot
Short-term bias: Long from $115k; targets $118.6k → $120k. Risk of squeeze under $116k remains.
Medium-term: Wyckoff structure points to ~$130k by month-end if pullbacks are done.
Long-term: Cycle target still $230k; key structural support ~$72k.
This newsletter is published daily on Substack. Early issues are free, later editions will be subscriber-only.