K33 Research

Bitcoin remains pinned near $80,000 as crypto traders reduce risk ahead of an expected Federal Reserve rate hike. Stablecoin positioning and subdued leverage suggest the bigger market move may come after policymakers clarify the path ahead.

Bitcoin has climbed more than 15% from its early July low and moved above $66,600 for the first time in more than a month. Market participants are watching the $68,000 area as a pivotal resistance zone while subdued volume and fading institutional activity keep the recovery fragile.