After the FOMC meeting, Bitcoin’s price surpassed 100,000 USD, reaching as high as 106,500 USD. Open interest in Bitcoin futures jumped by 1.2 billion USD to 65 billion USD, indicating strong institutional interest.
Despite the price rally, retail investor spending has fallen by 50%, with many users believing Bitcoin is overpriced. The advent of spot BTC ETFs is further drawing retail interest away from direct Bitcoin purchases.