BTCUSDBitcoin / US DollarCOINBASE:BTCUSDAllFatherOdinLONGS looking at for btc. Earlier this week, the US Federal Reserve (Fed) cut interest rates by 25 basis points, providing the much-required impetus to the economy after a cycle of raising interest rates to keep inflation under check. A cut in interest rates is likely to benefit risk-on assets, including Bitcoin (BTC). Fed Cuts Interest Rate, Bitcoin Supply Ratio Falls According to a CryptoQuant Quicktake post by contributor Arab Chain, the latest data from Binance shows that the interest rate cut has rekindled investors’ interest in BTC. Notably, the exchange supply ratio has declined to 0.0291, hinting that investors are choosing to withdraw their BTC from exchanges and hold it for the long-term instead of selling it. To support their analysis, Arab Chain shared the following chart, which shows a tumbling exchange supply ratio while the BTC price continues to shoot up. The analyst noted that the interest rate cut has increased risk appetite and improved liquidity in the market.