Bitcoin in the USA 
$86,989.86 ETFs continue their buying as the price remains stuck in the $90,000 band. Glassnode data reveals that since last year, the total cost base of ETFs has formed a significant support level in the market. The two major corrections experienced since 2024, March–August 2024 and January–April 2025, bottomed out at exactly this cost base and turned upward. In both processes, weekly ETF net inflows turned negative, yet the price floor was preserved.
Buying Pressure of ETFs is at Critical Level Again
Today, a similar picture emerges again. Bitcoin has fallen 28% from its peak of $126,000 in October, approaching the ETF cost band of $83,000. Net outflows have been observed in ETFs since the beginning of December. The price is at $ 90,000, decreasing by 1.3% in the last 24 hours. It has recovered significantly from the $84,600 low tested on December 2.
US ETF products, on the other hand, currently hold $117.6 billion worth of Bitcoin; This amount corresponds to approximately 6.55% of the total supply. This structural demand indicates that the price may find support again around $83,000.
Fed’s Interest Rate Step Will Be Decisive in Crypto Markets
All eyes are on Wednesday’s FOMC meeting. A quarter-point rate cut is almost certain, according to CME FedWatch data. However, the critical question is whether this reduction will be a safe easing step by the Fed regarding inflation or a political mistake at a time when services inflation is still above the target.
In addition, Mark Pilipczuk, CMO of Kraken’s subsidiary CF Benchmarks, states that the markets have priced only a single discount and the next move is not expected before June. However, he emphasizes that there may be a positive movement area for Bitcoin if the Fed implies that it is open to an earlier reduction.
BuyUCoin CEO Shivam Thakral states that Bitcoin is in a strong on-chain and ETF support zone, and that the risk-return side has historically pointed upward. “Re-acceleration of ETF inflows and macro stability are essential for a sustainable recovery,” says Thakral. However, a hawkish guidance from the Fed could weaken this recovery expectation.
Other Notes in the Market: New Moves from Ethereum and Solana
There are also important developments in the global world other than Bitcoin. Ethereum last week 
$2,804.64 Large wallet movements on the network triggered a renewed staking increase. On the other hand, the Solana ecosystem has seen a significant increase in developer activity with the launch of new GameFi projects. These two developments show that investors are still looking for opportunities on the altcoin side despite the market correction.
On the other hand, a horizontal trend prevailed throughout the market in the last 24 hours. While Ethereum fell 0.8%, Solana rose 1.2%. While a horizontal chart is seen on the XRP side, Avalanche 
$12.95 It dropped over 2%. In Meme tokens, low volumes and small fluctuations stand out. The general outlook reveals that the search for direction in the market continues.
