According to Mars Finance, Matrixport released its daily analysis stating that Bitcoin's price encountered resistance at the key resistance level of $92,000, and the upward momentum has clearly slowed down. Although the market generally expects the Fed to start cutting interest rates next week, the related ETFs only saw a slight net inflow, indicating an overall weak liquidity situation. At the same time, signals of tightening monetary policy in Japan have heightened market unease, with the 2-year Japanese government bond yield surpassing 1% for the first time since 2008, prompting investors to reassess the consistency of major global central banks' easing measures. Analysts believe that even if the Fed issues dovish signals, it will be difficult to offset the tightening expectations from other economies, and the overall policy environment remains tight, prompting institutional investors to continue dropping their Bitcoin exposure.
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