Bitcoin News Today: Bitcoin's Pressure Rises with Negative Coinbase Index and 30,000 BTC Inflows as Fed Decision Approaches July 30

Bitcoin faces mounting pressure as U.S. investor demand wanes, signaled by a negative Coinbase Premium Index for the first time in two months. The index, which measures Bitcoin’s price premium on Coinbase relative to global exchanges, indicates a shift in sentiment among American institutional and retail buyers, who are now hesitant to purchase at current levels near $118,815. This development coincides with increased inflows of Bitcoin to exchanges, with over 30,000 BTC recently moving onto trading platforms—a potential precursor to selling activity [1].

The Federal Reserve’s upcoming decision on July 30 looms as a pivotal event for the cryptocurrency’s short-term trajectory. While markets anticipate the central bank will maintain interest rates between 4.25% and 4.50%, traders are closely watching Chair Jerome Powell’s press conference for cues on future monetary policy. A hawkish stance could exacerbate Bitcoin’s downward momentum, whereas dovish signals or hints of rate cuts in September might provide a near-term boost [2].

Technical indicators suggest Bitcoin is at a crossroads. The asset is testing resistance near $119,500, with support levels at $118,000 and $116,300 critical to its stability. The RSI at 60 reflects neutral momentum, while weakening momentum is evident in the MACD and awesome oscillator. The stochastic RSI nearing oversold levels raises the possibility of a short-term bounce if buying interest resumes [3]. However, a breakdown below $112,000 or $109,000 is seen as likely should key supports fail.

The broader market context includes cooling demand in key regions beyond the U.S., with South Korea also showing signs of slowing inflows. This multi-jurisdictional trend underscores the global nature of the current caution. For investors, the immediate focus remains on the Fed’s policy clarity and whether Bitcoin can reclaim the $120,000 threshold to reinvigorate its upward trend.

Analysts note that the interplay between macroeconomic factors and on-chain activity highlights Bitcoin’s evolving role as a macro-sensitive asset. A decisive break above $120,000 is required to resume bullish momentum, while prolonged sideways movement could deepen the correction [4].

Source: [1] [2] [3] [4]

[1] title: Bitcoin Faces Potential Pullback as U.S. Investor Demand Softens Ahead of Fed Decision July 29, 2025 (https://en.coinotag.com/bitcoin-faces-potential-pullback-as-u-s-investor-demand-softens-ahead-of-fed-decision/)

[2] title: Bitcoin Faces Potential Pullback as U.S. Investor Demand Softens Ahead of Fed Decision July 29, 2025 (https://en.coinotag.com/bitcoin-faces-potential-pullback-as-u-s-investor-demand-softens-ahead-of-fed-decision/)

[3] title: Bitcoin Faces Potential Pullback as U.S. Investor Demand Softens Ahead of Fed Decision July 29, 2025 (https://en.coinotag.com/bitcoin-faces-potential-pullback-as-u-s-investor-demand-softens-ahead-of-fed-decision/)

[4] title: Bitcoin Faces Potential Pullback as U.S. Investor Demand Softens Ahead of Fed Decision July 29, 2025 (https://en.coinotag.com/bitcoin-faces-potential-pullback-as-u-s-investor-demand-softens-ahead-of-fed-decision/)