Crypto market in holding pattern ahead of US, Japan rate decisions

The cryptocurrency market has entered a consolidation phase within a solid range, with trading volume increasingly concentrated in major assets like BTC and ETH, Wintermute said in a post on X. The firm noted that the market has become more resilient to macroeconomic risks, pointing to the absence of follow-up selling after a recent $2 billion BTC liquidation as a sign of this strength. While capital from both retail and institutional investors is flowing into BTC and ETH, there is less activity in leveraged positions. According to Wintermute, market attention is now focused on upcoming macroeconomic events, including the U.S. Federal Reserve's interest rate decision this week and Japan's rate decision next week.