A Glassnode report indicates that Bitcoin's realized volatility has fallen to approximately 25% in the past month, and realized losses from each decline since August have continued to narrow. Bitcoin is currently trading within a range, and the market is focused on the Federal Reserve's interest rate decision on October 28th. Bitcoin has fallen back below the $84,000 to $85,000 range. The US spot Bitcoin ETF has seen net inflows of approximately $67 million over the past two weeks, and there is approximately $42 million in buy orders in the $78,000 to $79,000 range on Binance's spot order book.
AI Interpretation: The Federal Reserve's interest rate decision, as a core indicator of monetary policy, directly determines the pace of tightening or easing of global liquidity. The current market's speculation on the interest rate path has entered a critical window, and policy direction will reshape the valuation logic of risk assets. The final tone of the interest rate decision will end market speculation on monetary policy and trigger large-scale position adjustments in capital markets. Investors need to be highly vigilant about the sharp fluctuations brought about by policy shifts; the interest rate decision is currently the most critical variable affecting financial market pricing.
