Analysis: Bitcoin Selling Pressure Hits One-Year Low as Markets Await Fed Interest Rate Decision

TechFlow reports that on September 14, the latest Bitfinex Alpha report indicates that Bitcoin has recently remained within an approximate 5.5% range for over 24 consecutive trading days, with the cost basis for roughly 840,000 BTC situated within this band. As profit-taking significantly slows, the sell-side risk ratio has dropped to 7 basis points, marking one of the lowest levels in the past year, though insufficient buying pressure continues to limit breakout attempts. Meanwhile, leverage is clustering at both the upper and lower boundaries of the range, with approximately $1.95 billion in short liquidation risk concentrated around $82,000, while substantial long positions exist between $75,000 and $76,000, potentially amplifying price volatility following the Federal Reserve's rate decision. Further in the report, Bitfinex points out that rising energy costs, climbing real yields, and weakening consumer confidence are complicating the macro landscape; whether BTC can break through the current range will ultimately hinge on the Fed's policy guidance and the subsequent trends of real yields and energy prices.