The market "The Fed is expected to keep interest rates unchanged at the FOMC press conference"
BTC and altcoins are in a slightly bearish mood due to the lack of low-price buying pressure
Experts "BTC will rebound in April after experiencing short-term volatility"
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![[Coin Market Trend] Bitcoin Declines Slightly Amid Cautious Sentiment Ahead of Major Events](https://img.blockstreet.co.kr/photo/2025/03/17/20250317000005_0800.png)
On the 19th, the Fed will hold an FOMC meeting and announce the benchmark interest rate. The market is dominated by the view that the Fed will keep interest rates unchanged this month, based on the comments the Fed left after the FOMC meeting last month. Accordingly, the analysis that the market will decline significantly after the FOMC press conference is dominating the market, and cryptocurrencies have declined weakly.
As the visible event that will affect the market is approaching in two days, the low-price buying pressure has also subsided.
It was also revealed that the net outflow of Bitcoin spot exchange-traded funds (ETFs) in the United States has affected the decline in Bitcoin. According to data from the financial data platform Sosovel on the 15th, 11 Bitcoin spot ETFs in the United States recorded a total net outflow of about $4.58 billion (KRW 6.6616 trillion) from February 6 to March 14.
◇Bitcoin = As of 4 pm on the 17th based on Upbit, the price of Bitcoin is 12,214 million won. Bitcoin's market share (dominance) was 61.62%.
According to the on-chain analysis platform Sygbit, the long (bullish) and short (bearish) betting ratio in the Bitcoin futures market was 60.91% and 39.09%, respectively.
The general opinion was that it is difficult to expect a significant rebound in Bitcoin in the short term.
Markus Thielen, founder of 10x Research, said in an interview with CoinTelegraph, "Bitcoin hit a new high in March last year and then went through an adjustment until November," and "the bullish signal is also weakened due to market uncertainty."
He added, "There is almost no low-price buying movement in the Bitcoin spot ETF market," and "I cannot be confident in the upside potential in the short term."
However, there was also a claim that Bitcoin, which has experienced short-term volatility, will rebound in April.
Cryptocurrency expert Timothy Peterson pointed out Bitcoin's past upward patterns through his X account on the 16th, and predicted that Bitcoin could set a new all-time high before June, starting a trend reversal in April.
He said, "Bitcoin's annual performance has occurred in April and October," and "Bitcoin has a good chance of reaching an all-time high before June this year."
◇Rising Coins = At 4 pm on the 17th based on Upbit, the cryptocurrency that recorded the largest increase compared to the previous trading day was CARV, up about 28%.
CARV is a modular data layer protocol that facilitates the exchange and value distribution of data in the gaming and artificial intelligence (AI) fields. Individuals can own, control, verify, and monetize their data throughout the data process, including data verification, storage, model learning, and value distribution.
The CARV protocol aims to pioneer a future where data creates value for everyone. The cryptocurrency CARV is the utility token of the CARV protocol, used for governance, incentives, and other purposes.
◇Fear and Greed Index = The Digital Asset Fear and Greed Index provided by Alternative is at 32 points, maintaining the 'Fear' stage. The Fear stage (20-39) is a period of high price volatility and trading volume, where prices are declining. There is a high likelihood of forming a short-term bottom, so caution is required when making purchases.
The Cryptocurrency Relative Strength Index (RSI) provided by Sygbit is 49.8, recording a 'neutral' state. RSI measures the relative strength between the upward and downward pressure of a specific asset price, indicating the overbought and oversold levels of the asset.
