From Cointelegraph
May 28, 2025 11:05 am:

Markets are less optimistic about Fed rate cuts this year, starting in September. Crypto and risk assets lack a bullish catalyst despite potential labor market weakness. Bitcoin price drops as markets price out US interest rate cuts. BTC/USD falls below $108,000 on diminishing odds of a rate cut before September, impacting risk assets.

The Kobeissi Letter notes a possible silver lining in consumer sentiment over the labor market, indicating a forthcoming unemployment spike that could prompt the Fed to move up rate cuts. BTC price breaks through bid liquidity, possibly triggering further losses. Short liquidations above $108,900 create imbalance favoring short liquidations.

BTC remains rangebound below $112,000 all-time highs, with little chance of a breakout without a catalyst. QCP Capital sees low volatility in most asset classes amid a lack of significant news. Markets seem desensitized to negative developments, showing minimal reactions to headlines. No investment advice provided.

Read more at Cointelegraph: Bitcoin back below $108K as the market priced reduction in Fed rate cut odds