🚨 $SOL Official Announcement! Could $SOL really hit $589 | Zyven on Binance Square

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🚨 $SOL Official Announcement!Could $SOL really hit $589 before 2026? 👀🚀
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Bitcoin Weekly Forecast: Fed Cuts Rates, But BTC Traders Remain Cautious 🚀 Bitcoin (BTC) continues trading in consolidation around $90,000, as investors digest the Federal Reserve’s cautious December rate cut and its implications for risk assets. BTC now approaches a key descending trendline, which could determine its next major move. Meanwhile, Spot Bitcoin ETFs have shown mild inflows, and institutional player Strategy Inc. added over 10,000 BTC to its treasury. --- 📉 Fed Cuts Rates, Markets Remain Cautious The Fed reduced interest rates by 25 basis points, but signaled a likely pause in January. Policymakers project only a quarter-point cut for 2026, disappointing expectations of two cuts. Combined with weak Oracle earnings, this triggered short-term risk-off sentiment, pushing BTC to a low of $89,260 before rebounding above $92,500. With no major US data this week, BTC will watch FOMC speeches and market sentiment for direction. --- 🌍 Geopolitics Dampens Risk Appetite Ongoing Russia-Ukraine tensions continue to weigh on global markets. Geopolitical uncertainty is limiting risk-on momentum, contributing to Bitcoin’s consolidation. --- 💼 Institutional Demand Improves Slightly US-listed spot Bitcoin ETFs saw a net inflow of $237.44M, after last week’s minor outflows. Strategy Inc. purchased 10,624 BTC at an average price of $90,615, bringing its total holdings to 660,624 BTC (~$49.35B). --- 📊 On-Chain Signals Easing Selling Pressure Exchange deposits from large players dropped from 47% to 21%, while average deposits fell from 1.1 BTC to 0.7 BTC. Lower selling pressure suggests a potential relief rally toward $99,000, with further resistances at $102,000 and $112,000. Copper Research notes BTC’s Cost-Basis Return Cycles could push prices above $140,000 in the next 180 days.

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