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Bitcoin Stabilizes at $75K-$76K Post-Fed Dip as $80K Options Wall Blocks Upside

Bitcoin is stabilizing between $75,374 and $76,000 after dipping to $74,937 following an 8-4 Fed split to hold rates at 3.5%-3.75%, sparking post-FOMC volatility. It had rallied to $79,500 earlier on MicroStrategy's $2.54B BTC purchase and $223M ETF inflows but failed $80K repeatedly due to $390M ETF outflows over three days, short-term holder profit-taking at $7.2M/hour, and a building $80K options wall from call hedging. Negative funding rates and falling open interest signal unwind risks, with over $500M in leveraged long liquidations this week; $75K support holds key for bulls eyeing $80K breakout.

Category

Bitcoin

Sentiment

Mixed

Event

Market commentary

Reading time

1 min