Bitcoin trades above $74,000 as major central banks prepare clustered interest rate decisions

Bitcoin is trading in the mid-$70,000 range after rebounding from about $66,000, supported by renewed spot demand and a return of institutional inflows. Onchain and derivatives data point to easing sell pressure, cautious leverage and late-cycle accumulation, while bitcoin starts to diverge from equities and outperform gold. The moves come as markets brace for a dense run of rate and policy decisions from the Federal Reserve, Bank of Japan, European Central Bank and Bank of England.