The Fed has entered the blackout period 🤔

The FOMC meets July 28-29, with the rate decision landing Wednesday at 2:00 PM ET. Since July 18, no Fed official speaks publicly until it's over.

So there's no new policy signal this week. Nothing to react to, nothing to reprice.

That matters more than it sounds. Crypto has traded on macro for most of 2026, taking cues from rate expectations rather than anything crypto-native. Strip out the macro input and what's left is flows, positioning, and supply events like this week's unlocks.

The starting point: the Fed held at 3.5-3.75% in June, citing inflation still above target. No dot plot in July either, so the guidance comes down to the statement and the press conference.

Quiet weeks are never calm. They're the ones where positioning builds up before something forces a decision.

What do you expect from the Fed next week? 👇