Bitcoin Consolidates Ahead of Fed Rate Decision Amid Strong ETF Inflows

Bitcoin has stalled in a narrow range between $64,150 and $65,800 after testing recent highs near $67,000. Bids are concentrated around $64,500, while significant sell liquidity exists above $65,800, extending to $68,000.

Institutional traders are reducing leverage ahead of the Federal Reserve's rate decision, resulting in lower volatility. Spot Bitcoin ETFs have seen strong inflows, with miners reallocating resources towards AI compute services for better cash flow.

The market is focused on the upcoming Federal Reserve FOMC interest rate decision, where a probability heavily favors a rate hold. Higher treasury yields and energy/AI capital inflation continue to cap immediate breakout momentum across risk assets.