Bitcoin consolidation persists as markets await Fed policy signal

Market analysts suggest that Bitcoin’s price action is defined by a tug-of-war between strong institutional demand and the macroeconomic headwinds of rising Treasury yields. While US spot Bitcoin ETFs recorded approximately $3.8 billion in net inflows over the past three weeks, this buying pressure has yet to translate into a breakout. Bitfinex analysts note that current market structure favors consolidation rather than a decisive move, as traders weigh the possibility of a 25-basis-point interest rate increase at the upcoming Federal Open Market Committee meeting on September 16.

Jeff Ko, chief analyst at CoinEx, highlights that the market is awaiting a clear directional signal following the release of critical economic data. With the Consumer Price Index scheduled for September 11, investors are closely monitoring whether inflation trends will force the Federal Reserve to maintain a hawkish stance. While institutional inflows remain constructive, observers are looking for consistent buying during periods of price stagnation to confirm a genuine accumulation phase. Current technical indicators reveal that over 71% of the circulating supply is held at a profit, increasing the likelihood of selling pressure as the price approaches the $82,000 supply zone.