According to @cas_abbe, the ISM Manufacturing PMI printed 48.2, confirming sub-50 contraction and making Chair Powell’s speech tomorrow a key directional catalyst for risk assets including crypto. source: @cas_abbe If Powell acknowledges slowing activity and leans toward more easing, the author expects a green light for risk-on trades with crypto reacting fastest to liquidity shifts. source: @cas_abbe If he stays cautious or signals cuts are not imminent, the mix of weak ISM and tight policy becomes a headwind for BTC, altcoins, tech, and small caps. source: @cas_abbe This back-to-back macro setup usually increases volatility and reveals where liquidity is heading next. source: @cas_abbe

According to Cas Abbé, the FOMC will announce its rate decision at 2pm ET and markets are already expecting a 25 bps cut, implying limited immediate impact on crypto price action, source: Cas Abbé on X, Oct 29, 2025. According to Cas Abbé, traders should focus on the Fed’s decision on quantitative tightening (QT) and Chair Powell’s 2:30pm ET press conference for liquidity signals, source: Cas Abbé on X, Oct 29, 2025. According to Cas Abbé, if the Fed ends QT and Powell signals more easing, it would be very bullish for altcoins, source: Cas Abbé on X, Oct 29, 2025.

According to @MacroCharts, a majority of respondents in a recent market sentiment survey do not expect imminent Federal Reserve easing. This delay in anticipated rate cuts suggests continued cautious sentiment among traders, which is likely to keep crypto market volatility elevated and dampen short-term bullish momentum for assets such as Bitcoin and Ethereum. Traders should monitor macroeconomic data and Fed communications closely, as any shift in expectations around monetary policy could drive rapid changes in crypto price action. Source: @MacroCharts Twitter poll.