In its latest FOMC communiqué, the Federal Reserve framed policy as a cautious signal rather than a true shift. Officials lifted the economic growth outlook, trimmed inflation projections, and signaled a higher hurdle for further easing, underscoring a data-dependent policy trajectory.

Nick Parklin, co-founder of Coin Bureau, argued the rate cut was not as hawkish as feared. With expectations for only modest cuts next year, the decision injects new uncertainty into risk assets, and, for the near term, suggests a limited Bitcoin rally.

BRN Research Director Timothy Misir noted the post-cut move is welcomed but guidance remains contested. Institutional demand remains robust, with smart fund wallets holding 10 to 10,000 bitcoins accumulating about 42,565 since December 1. The unresolved macro backdrop raises the question of whether ETF demand can absorb supply until clarity emerges.