Bitcoin Selling Pressure at One-Year Low Amid Fed Rate Decision Focus

Bitfinex Alpha has analyzed that recent bitcoin selling pressure has fallen to the lowest level in one year, though limited buying interest is restricting price increases. The report states that BTC has been consolidating within a 5.5% range for over 24 trading days, with profit-taking slowing down as the sell-side risk ratio dropped to 0.07%, nearing its lowest point in the past year. In derivatives markets, leverage is accumulating at both upper and lower boundaries of the consolidation range. Approximately $1.95 billion in short positions are concentrated around $82,000, with a significant buildup of long positions between $75,000 and $76,000. This situation suggests that price volatility may increase following the Federal Reserve's interest rate decision.