BTC Consolidates Amid Strong ETF Inflows Ahead of Fed Rate Decision

Bitcoin's price has been consolidating between $64,150 and $65,800 after reaching multi-week highs near $65,800, $67,000. The bids are concentrated around $64,500, while significant sell liquidity exists above $65,800 up to the $67,200, $68,000 resistance area.

Institutional traders have been reducing leverage ahead of the Federal Reserve's rate decision, resulting in lower volatility and tighter candles on recent 4-hour charts. This has led to a tight consolidation phase as traders balance strong spot ETF demand against macro caution.

Spot Bitcoin ETFs have shown resilience, recording six consecutive days of positive net inflows exceeding $900M. Heavy call option buying across institutional vehicles points to sustained underlying institutional positioning despite short-term range bounds.