---
title: "Bitcoin, Ethereum, XRP, Dogecoin Pull Back as Traders Position Ahead of Wednesday's FOMC"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293966272.md"
description: "Bitcoin dropped below $65,000 as traders positioned ahead of the Wednesday FOMC meeting. Crypto market sentiment remains in 'Fear' with negative ETF flows, including $240 million outflows from spot Bitcoin ETFs. Over 118,000 traders were liquidated in 24 hours. Analysts offer mixed views: Lennaert Snyder identifies support zones around $63,500 and $60,000, while KillaXBT predicts Bitcoin will exceed $160,000 this cycle despite short-term volatility."
datetime: "2026-07-27T18:53:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293966272.md)
  - [en](https://longbridge.com/en/news/293966272.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293966272.md)
---

# Bitcoin, Ethereum, XRP, Dogecoin Pull Back as Traders Position Ahead of Wednesday's FOMC

Bitcoin slipped below $65,000 on Monday as traders positioned ahead of Federal Reserve policy decision Wednesday.

**Cryptocurrency**

**Ticker**

**Price**

**Bitcoin**

(CRYPTO: BTC)

$64,729.37

**Ethereum**

(CRYPTO: ETH)

$1,930.74

**Solana**

(CRYPTO: SOL)

$75.33

**XRP**

(CRYPTO: XRP)

$1.08

**Dogecoin**

(CRYPTO: DOGE)

$0.07159

**Shiba Inu**

(CRYPTO: SHIB)

$0.055033

**Notable Statistics:**

-   Coinglass data shows 118,449 traders were liquidated in the past 24 hours for $437.94 million.       
-   SoSoValue data shows net outflows of $240.08 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $70.6 million.
-   In the past 24 hours, top gainers include Pump.fun, LayerZero and Aerodrome Finance.

**Notable Developments:**

-   Bitcoin, Ethereum’s Turn? ‘The AI Trade’s Over,’ Prominent Macro Expert Says
-   MSTR Target Price Remains $570, Benchmark Equity Research Writes: Why So Bullish?
-   Tom Lee’s Bitmine Buys 9,946 ETH as ETH/BTC Ratio Hits 3-Month High
-   ‘I Am Ready for $4,000’: Analyst Bets Big on Ethereum Over Bitcoin for the First Time
-   Strategy Raises $544M, Skips Bitcoin Buys for Fifth Straight Week: What’s Happening?

**Trader Notes:**

Technical analyst Lennaert Snyder says Bitcoin’s weekend rally is retracing as expected after rejecting the $65,800 level, leaving liquidity above those highs as a likely future upside target.

He is watching three potential long-entry zones, with the first around $63,500.

The preferred accumulation area remains around $60,000, while $59,000 is viewed as the extreme range low potentially offering the best risk-reward if buyers step in.

Snyder also cautioned traders to account for potential volatility ahead of this week’s FOMC meeting.

Trader KillaXBT argues that today’s calls for $50,000–$40,000 Bitcoin mirror the 2022 market, when many investors waited for $10,000–$12,000 after Bitcoin had already bottomed near $16,000.

He contends that buying at $16,000, $20,000, or even $25,000 all proved profitable, with those willing to enter early ultimately rewarded.

Applying the same logic now, being early may look wrong for a few months. However, he remains confident Bitcoin will exceed $160,000 this cycle and long-term gains will outweigh the timing of the entry.

_Image: Shutterstock_

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