Asia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan

Market Overview - Bitcoin is trading above $91,000 following a 25 basis point rate cut by the Federal Reserve, reflecting elevated uncertainty in the U.S. economic outlook [1] - Exchange inflows have sharply decreased from November highs, with whales reducing deposits, which has lessened near-term sell pressure and allowed the market to stabilize [2] - Whales have realized losses exceeding $600 million when Bitcoin fell below $100,000, with cumulative losses estimated at $3.2 billion, indicating a potential exhaustion of selling pressure [3] Current Market Conditions - Bitcoin has remained around $92,000 despite macroeconomic catalysts, with QCP noting that the market is in a holding pattern and ETF inflows have only improved modestly [4] - Attention is shifting to Japan, where a 25 basis point hike is expected at the upcoming Bank of Japan meeting, which could influence global risk appetite [5] - Bitcoin's price has shown little volatility, moving between $91,000 and $92,000, while Ether has remained near $3,270 without a clear breakout catalyst [6] Regional Market Movements - Most Asia Pacific markets have moved higher following the Fed's rate cut, although Japan's Nikkei 225 initially opened strong before slipping by 0.11 percent [7]