Bitcoin slips ahead of Fed-week as traders price in 4.25% rate cut

The crypto market turned cautious on Oct 28, 2025, with Bitcoin hovering around $114,000 after a weekend rally stalled. Key tokens such as Ethereum and Solana declined 2-4% as traders positioned for the upcoming Federal Reserve meeting expecting a 4.25% interest-rate cut and assessed regulatory-risk signals. Open-interest in BTC futures climbed to nearly $30 billion, raising concerns about leverage and liquidation risk. Some analysts warn that unless Bitcoin convincingly breaks above the $116,000 pivot, a deeper retracement toward $100,000 cannot be ruled out.