Analyst: Crypto market enters "frozen" state ahead of Fed decision, early signs of recovery emerging

BlockBeats news, December 9—according to The Block, BRN research director Timothy Misir stated that US cryptocurrency ETF fund flows reflect “selective positioning rather than broad-based de-risking.” Although Bitcoin (BTC) continues to lag, altcoins are attracting capital attention. The market is showing early signs of recovery, but confidence has yet to form. “The number of active addresses is stabilizing, and transfer volume is increasing, which indicates the market is recovering, but it is still some way from being truly healthy,” Misir wrote in a report on Tuesday. “Early recovery signals have appeared, but market confidence is still lacking.” Misir described this week as a “macro binary week,” with traders mostly choosing to wait and see ahead of Wednesday’s FOMC meeting results. Expectations for rate cuts are rising, supported by weak ADP employment data and deteriorating consumer confidence, but US household pessimism and record-high consumer credit levels complicate the demand outlook.