BTC$ Hovers Around $64,000; the Fed Decision Is Key
As of July 30, the price of Bitcoin is trading around $64,000, down nearly half from its all-time high of about $126,000 in October 2025. During today’s Asian trading session, Bitcoin edged up 1.2% to $64,236.91.
The Federal Reserve’s interest rate decision is the most crucial macro variable in recent times. On July 29, the Fed announced it would keep rates unchanged, in line with market expectations. A Bitfinex analyst believes this is favorable for risk assets and may determine Bitcoin’s near-term direction. However, Fed Chair Waller emphasized that inflation is still above the 2% target, with energy costs continuing to push prices higher. The market has fully priced in expectations of a rate hike in September.
In terms of liquidation data: over the past 24 hours, liquidations across the entire network totaled $308 million, including $228 million in long liquidations and $80.38 million in short liquidations. The market plunge on July 28 was even more severe, with over 160,000 traders liquidated and the amount reaching $686 million.
On the technical side, Bitcoin has regained the 0.236 Fibonacci retracement level and is now closely hovering above the 50-day moving average, forming a dense support zone. Coinglass data shows that if BTC falls below $60,964, the cumulative liquidation strength of mainstream CEX long positions would reach $1.344 billion; conversely, if it breaks above $67,283, the liquidation strength of short positions would reach $1.113 billion. $BTC
As of July 30, the price of Bitcoin is trading around $64,000, down nearly half from its all-time high of about $126,000 in October 2025. During today’s Asian trading session, Bitcoin edged up 1.2% to $64,236.91.
The Federal Reserve’s interest rate decision is the most crucial macro variable in recent times. On July 29, the Fed announced it would keep rates unchanged, in line with market expectations. A Bitfinex analyst believes this is favorable for risk assets and may determine Bitcoin’s near-term direction. However, Fed Chair Waller emphasized that inflation is still above the 2% target, with energy costs continuing to push prices higher. The market has fully priced in expectations of a rate hike in September.
In terms of liquidation data: over the past 24 hours, liquidations across the entire network totaled $308 million, including $228 million in long liquidations and $80.38 million in short liquidations. The market plunge on July 28 was even more severe, with over 160,000 traders liquidated and the amount reaching $686 million.
On the technical side, Bitcoin has regained the 0.236 Fibonacci retracement level and is now closely hovering above the 50-day moving average, forming a dense support zone. Coinglass data shows that if BTC falls below $60,964, the cumulative liquidation strength of mainstream CEX long positions would reach $1.344 billion; conversely, if it breaks above $67,283, the liquidation strength of short positions would reach $1.113 billion. $BTC