Key Notes

Bitcoin consolidates below $110,000 after Fed’s 25 bps rate cut triggers sell-off.

Trading volumes drop 48% over the weekend, signaling weak liquidity and heightened downside risks.

Michael Saylor urges renewed BTC buying as Strategy’s holdings shrink $4 billion in value.

Bitcoin price consolidated around the $109,500 mark on Sunday, Sept 28, as market liquidity thinned out over the weekend. Strategy CEO Michael Saylor issued another rallying cry, as BTC derivatives trading metrics and technical indicators pointed to more downside risks ahead.

The underwhelming 25 basis point US Fed rate cut on Sept 18 triggered a seven-day sell-off that pushed BTC below $110,000 on Friday, Sept 25, for the first time in 20 days. Since then, Bitcoin has struggled to reclaim the $110,000

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