When macro conditions shift, look at the broader market first: $BTC is currently at 83590.02.
Pacific Investment Management Company: The Fed is expected to keep interest rates unchanged this month, with another 1 to 2 hikes expected in this cycle. Macro conditions and sentiment within the crypto market should be considered together; looking at only one side may not be enough.
This could make people more cautious, with more choosing to wait and see.