
Jakarta, Pintu News â Bitcoin had a critical week with spot trading volumes plummeting. After a quiet weekend, Bitcoin (BTC) enthusiasts managed to hold key support but struggled to create fresh upside momentum.
Markets remain tense ahead of the interest rate decision from the US Federal Reserve scheduled for this Wednesday. With predictions of a 25 basis point cut, many see this as a sign of a gradual pivot rather than an aggressive move.
In January 2025, Bitcoin (BTC) spot trading volume peaked at $636 billion, but by August, the figure had almost halved to $322 billion. The sharp decline in trading activity on centralized exchanges (CEX) signals a market transition, with participants switching from active speculation to âHODLâ mode.
Data from CryptoQuant shows that Bitcoin (BTC) supply is increasingly being withdrawn from exchanges and stored for the long term, indicating that holders with strong convictions are accumulating rather than selling.
With the decrease in trading activity, selling pressure eased, favoring Bitcoin (BTC) price stability. However, low liquidity increases the risk of sharper price movements once volatility returns.
If Bitcoin (BTC) can maintain its position through the Fed announcement, it could lay the groundwork for renewed momentum once the volatility surrounding the decision begins to subside. A favorable Fed decision could spark optimism across risk assets, including crypto.

Currently, Bitcoin (BTC) is trading near $114,987, showing signs of consolidation after a bounce off early September lows around $110,000. The daily chart shows that Bitcoin (BTC) has reclaimed its 50-day SMA at $114,399 and 100-day SMA at $112,681, reinforcing the near-term bullish outlook.
The key hurdle remains at $116,000-$117,000, where Bitcoin (BTC) has struggled to establish a sustained breakout. A successful close above this zone would pave the way towards a retest of the cycle high at $123,217.
With a variety of macroeconomic factors shaping broader market sentiment and onchain data firming up, this week has been pivotal for the future of Bitcoin (BTC). Whether the market will shift into full HODL mode or whether macro forces will trigger a more dramatic reassessment across the crypto market, only time will tell.
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*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.