Bitcoin (BTC) is attempting to push above critical demand levels today as traders position ahead of the US Federal Reserve meeting, a key event that could influence market direction for the weeks ahead. The market remains cautious but tense, with volatility expected to spike once the Fed reveals its stance on interest rates and quantitative tightening (QT). A dovish signal could ignite renewed buying momentum across risk assets, while a reaffirmation of restrictive policy might extend the current consolidation phase.

According to fresh on-chain data from CryptoQuant, Long-Term Holders (LTHs) have been actively selling throughout the past month—a trend that points to an ongoing distribution phase in Bitcoin’s cycle. Over the last 30 days, these seasoned investors have offloaded significant

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