Powell’s comments sparks mess as btc dips, but after the fed cut…on-chain data shows big holders are still bullish

So the Fed cut rates by 0.25% yestrday, bringing the target range down to around 3.75%…4.00%…. the markets reacted exactly how you’d expet… with ups and downs. Btc dropped to about $109k during Powell’s speech, and roughly $300 billion was wiped from the overall crypto market over the following day.

But but but…… Btc bounced back pretty quickly and is now sitting around $111k…$112k. Powell said a december rate cut isn’t guaranted, which spooked traders at first, but overall the msg wasn’t that bad.

The Fed also confirmed it will halt its balance sheet reduction starting December 1. that’s actually a bigger deal than most realize because it means liquidity will gradually start returning to the system. not right away… but the direction is turning supportive.

Now for november… there are some solid reasons for optimism. big tech earnings are dropping this week, and if they come in strong, they usually lift risk assets, including crypto. Plus, upcoming talks between Trump and Xi Jinping could help cool trade tensions a bit.

also ,Michael Saylor recently reiterated his long term bullish outlook…. whether that happens or not, sentiment among large investors has clearly turned positive.

What makes this dip different is that big holders… the whales… have been buying, not selling. On chain data shows wallets holding 10k…100k BTC accumulated more than 45,000 coins since the October crash. That’s not panic… that’s confidence.

Technically, btc might retest around $110k to close some small futures gaps… pretty normal behavior. Historically, btc often dips right after Fed meetings… then recovers within days or weeks to make new highs.

bottom line is short term volatility’s still possible, but the setup looks much stronger than it did a month ago. Lower rates, the Fed easing up on tightening, and institutional buying all point in a constructive direction… as we have seen so many times ,just don’t expect it to be a straight line up.