Bitcoin price dropped to the low $72,000 range early Wednesday, retreating from recent highs as traders reduced risk ahead of the Federal Reserve’s latest decision.

The pullback follows a strong multi-day rally that pushed the asset close to $75,000, its highest level since early February. That move has now stalled. Profit-taking has increased, and market participants appear reluctant to open new positions without clarity on macro conditions.

Trading activity reflects the shift in sentiment. Daily volume has declined sharply, signaling weaker conviction behind recent price action. 

In derivatives markets, futures open interest has flattened while funding rates have turned mixed to…

Read more on BitcoinMagazine