Asia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan

Recent market trends indicate that despite the Federal Reserve's interest rate cut, Bitcoin is experiencing minimal volatility. Behind this calmness is a seller exhaustion observed in CryptoQuant data, showing that whales are pulling back funds from exchanges. This decline in selling pressure suggests price stability. Moreover, traders are closely monitoring the upcoming Bank of Japan (BOJ) meeting, as its policy decisions could significantly impact global liquidity, hence influencing Bitcoin. Investors are cautiously watching whether the BOJ will maintain its expected course or take more drastic measures. Consequently, Bitcoin's movements are likely to be heavily influenced by sentiment surrounding Japanese monetary policy. Overall, the market's focus is on the implications of the BOJ's decisions, and with no specific trading signals or price levels provided, it may be prudent to adopt a wait-and-see approach for now.