#数字资产市场动态 BTC is repeatedly fluctuating around $88,000, unable to break through the key level of $90,000. In an environment of low liquidity, this stability is actually a good sign.

Today, the most noteworthy event is the release of the Federal Reserve meeting summary. Officials generally believe that the current inflation increase is mainly due to tariff shocks, and it will be difficult to return to the 2% target in the short term. The labor market is also not optimistic—demand is shrinking, and on the supply side, there are pressures from reduced immigration, aging population, and declining labor force participation rate. This indicates that the US economy is not as stable as it seems, and many people's optimistic expectations might be a bit overdone.

However, the Fed remains optimistic about growth prospects through 2026. Regarding monetary policy, their stance is: if inflation continues to decline, adjustments can be considered, but for now, they are holding steady. Most officials agree that it’s better to wait a few more months of data before making a move. In other words, there is almost no chance of a rate cut in January, and the next window might be in March.

Looking at BTC trading data, the turnover rate is significantly lower than normal working days. This is a holiday effect, with decreased participation from institutions and quant traders. During such times, price performance more accurately reflects retail investors’ true sentiments. Although it’s stuck at the psychological level of $90,000, the price stability is good, indicating that market sentiment remains relatively optimistic.

In terms of chip distribution (URPD indicator), it also looks healthy. Investors trapped at high levels are calm and composed, providing strong support for the price. The bottom is still forming, and observing for a few more days will give a clearer picture. $BTC $ETH $SOL