<\/p>\n
Bitcoin\u2019s drop from the $80k zone shows classic Fed\u2011week caution, with strong support near $75.5k, mixed on\u2011chain signals, and traders waiting on the FOMC decision.<\/p>\n
<\/p>\n
Bitcoin (BTC) dropped below $76,000 after encountering strong resistance around the $80,000 level, a key psychological threshold that has consistently limited upward momentum since late April. Uncertainty surrounding the\u00a0Strait of Hormuz reopening<\/a>\u00a0and tightening macroeconomic conditions continue to weigh on sentiment, keeping traders locked in a narrow range as the\u00a0FOMC meeting<\/a>\u00a0approaches.<\/p>\n Michael van de Poppe, founder of MN Capital, emphasized that the current retracement is \u201ctypical behavior\u201d ahead of major monetary policy announcements. He added, \u201cI believe we are still in a phase of strong market conditions,\u201d suggesting the consolidation phase may give way to renewed strength once macro clarity emerges.<\/a><\/p>\n Bitcoin\u2019s 30% recovery from its February 6 low below $60,000 stalled sharply when it reached the $78,000\u2013$80,000 supply zone, which coincides with the 20-week exponential moving average (EMA). This concentration of selling pressure has proven formidable, reinforced by options market data showing 7,200 BTC in open interest at the $80,000 strike, coupled with positive gamma and low implied volatility.<\/p>\n <\/p>\n On the downside, support is anchored at $75,500, a level that aligns with the 20-day EMA, 100-day EMA, and the lower boundary of an ascending channel. Glassnode\u2019s UTXO Realized Price Distribution (URPD) data reveals direct resistance around $78,000, where investors hold 335,650 BTC, while approximately 298,560 BTC cluster at an average purchase price of $75,500, forming a critical support floor.<\/a><\/p>\n On-chain indicators paint a nuanced portrait of market dynamics. Glassnode data shows Bitcoin exhibiting \u201ca coexistence of bullish momentum and cautious sentiment\u201d. The spot Cumulative Volume Delta (CVD) surged nearly 200% over the past week, climbing from $18.3 million to $54.8 million, reflecting aggressive accumulation and strong conviction among market participants. However, spot trading volume declined 13.8%, dropping from $6.95 billion to $5.99 billion, signaling reduced overall activity despite the bullish CVD reading. Daily active addresses also fell by 1.6% during the same period, \u201cindicating a reduction in market activity\u201d and more subdued network participation.<\/a><\/p>\n Bitcoin is currently trading around $76,800, down approximately 1.9% over the past 24 hours. Ethereum (ETH) sits near $2,315, while the broader crypto market cap stands at $2.62 trillion, down roughly 2% from the prior day.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s drop from the $80k zone shows classic Fed\u2011week caution, with strong support near $75.5k, mixed on\u2011chain signals, and traders waiting on the FOMC decision. Summary Bitcoin\u2019s 30% rebound from…<\/p>\n","protected":false},"author":1,"featured_media":15714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26957"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26957\/revisions"}],"predecessor-version":[{"id":26958,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26957\/revisions\/26958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15714"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Resistance and support zones<\/h2>\n
On-Chain signals show mixed picture<\/h2>\n