The -25 bps cut came as expected, no hawkish surprise. But Powell’s warning that another cut in December is “far from assured” hit risk sentiment, pushing Bitcoin back below the holders’ cost-basis zone, a battleground offering no relief for bulls. 🧵 x.com/glassnode/status/1983612...…

glassnode
@glassnode
10-30
Lacking Conviction
Bitcoin remains stuck below key cost-basis levels as demand softens and long-term holders sell. Volatility is subdued but uneasy, leaving markets vulnerable to a hawkish Fed surprise.
Read the full Week On-Chain below👇
https://glassno.de/3JxMpQi





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