Over $9B in USDT, USDC Flood Crypto Exchanges Ahead of FOMC: BTC USD To $130,000?

Market Overview - The total crypto market cap has increased by 0.5% to over $4.1 trillion ahead of the FOMC meeting, with Bitcoin price remaining steady above $116,000 [1] - Bitcoin has risen nearly 4% in the past week, with significant trading activity noted, including over $21 million in leveraged BTC USD shorts closed in the last day [3] Macro Factors - The future price movement of Bitcoin is heavily influenced by macroeconomic factors, particularly the decisions and comments from Jerome Powell and the FOMC regarding interest rates and monetary policy [2] - A potential rate cut could lead to increased capital inflows into Bitcoin and other cryptocurrencies [2][6] Stablecoin Activity - Approximately $9 billion in stablecoins, including USDT and USDC, was moved to crypto exchanges in the 36 hours leading up to the FOMC meeting, indicating strong buying intent [4][5] - A notable single transfer of $2 billion in stablecoins to Binance was recorded, marking the largest movement in over a year, which analysts interpret as a sign of "fresh powder" for potential market rallies [5] Sentiment and Predictions - The positive funding rate suggests a bullish sentiment among traders, as longs are compensating shorts to maintain their positions [3] - If the FOMC decides to cut rates and signals further cuts by year-end, Bitcoin could potentially rally above $124,500, aiming for new all-time highs [6]