News from Asia: Bitcoin has been slipping towards $74,300 in recent hours, moving away from its higher levels. Analysts in the region are observing on-chain signals indicating a quite bearish market for now.



What's interesting is that traders are positioning themselves based on what the market expects from the Fed in April. It seems there is a lot of betting that they will keep rates steady, which is slightly shifting sentiment toward Bitcoin.

From the Asian perspective, where a lot of volume is moving right now, the downward pressure in on-chain data is causing several traders to be cautious. This is one of those moments where the fundamentals are not as strong as they were recently, but some people see opportunities if Fed numbers confirm what is expected.
BTC-0.84%
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