Fed towards the cut: Tom Lee reiterates “Bitcoin at $200,000 by the end of the year”. Ethereum under the spotlight and accelerating ETF flows

Related

Digital Reserve成为2026香港Web3嘉年华二级展位赞助商

Digital Reserve已确认加入2026香港Web3嘉年华,将作为二级展位赞助商为大会提供支持 Digital Reserve 是一家澳洲持牌的加密货币出入金与交易平台,深耕行业多年、穿越多轮牛熊周期,凭借对华人市场的深刻理解、完善的银行通道与高质量服务,持续为专业客户提供稳定、顺畅的数字资产流动解决方案。更多信息: https://digitalreserve.net/ 香港Web3嘉年华是由万向区块链实验室与HashKey Group联合推出的Web3活动品牌,由W3ME承办,自2023年起于每年4月在香港会议展览中心举办,聚焦行业热点话题与政策趋势,是亚洲规模最大、最受关注的Web3行业盛会之一。 2026香港Web3嘉年华将于4月20日-23日在香港会议展览中心盛大举行。自2023年首届举办以来,香港Web3嘉年华已飞速成长为全球最具影响力的加密峰会之一,为全球东西方交流构建了一个高规格、高质量、高纵深的平台。过往三届盛会累计吸引超10万名现场参会者,汇聚超350个前沿项目参加,邀请超1200位演讲嘉宾分享,并衍生超400场周边活动,成功构建了一个以大会为核心、辐射全港的活力生态圈。 目前,香港特别行政区财政司司长陈茂波,香港证监会中介机构部执行董事叶志衡,万向区块链董事长、Hashkey Group董事长兼CEO肖风,香港特别行政区立法会议员(科技创新界)邱达根,Solana Foundation总裁Lily Liu,MatrixPort创始合伙人及首席商务官Cynthia Wu,Animoca...

卓锐证券成为2026香港Web3嘉年华白金赞助商

Hong Kong, 5th March 2026, 卓锐证券已确认加入2026香港Web3嘉年华,将作为白金赞助商为大会提供支持。 卓锐证券(香港)有限公司(中央编号:BRE865)是香港证监会认可持牌法团,持有第1、2、4、5、9类牌照。作为全港增速TOP1的持牌虚拟资产券商*,卓锐证券专注构建合规安全的交易生态,实现传统资产与加密货币的无缝流动。通过自主研发的一站式交易平台“ZR”,投资者只需一个账户,即可借助AI赋能的机构级视野,灵活配置股票、ETF及加密货币。了解更多:https://www.zr.hk/ 香港Web3嘉年华是由万向区块链实验室与HashKey Group联合推出的Web3活动品牌,由W3ME承办,自2023年起于每年4月在香港会议展览中心举办,聚焦行业热点话题与政策趋势,是亚洲规模最大、最受关注的Web3行业盛会之一。 2026香港Web3嘉年华将于4月20日-23日在香港会议展览中心盛大举行。自2023年首届举办以来,香港Web3嘉年华已飞速成长为全球最具影响力的加密峰会之一,为全球东西方交流构建了一个高规格、高质量、高纵深的平台。过往三届盛会累计吸引超10万名现场参会者,汇聚超350个前沿项目参加,邀请超1200位演讲嘉宾分享,并衍生超400场周边活动,成功构建了一个以大会为核心、辐射全港的活力生态圈。 目前,香港特别行政区财政司司长陈茂波,香港证监会中介机构部执行董事叶志衡,万向区块链董事长、Hashkey Group董事长兼CEO肖风,香港特别行政区立法会议员(科技创新界)邱达根,Solana Foundation总裁Lily Liu,MatrixPort创始合伙人及首席商务官Cynthia...

Sui stablecoin USDsui debuts as new backbone for on-chain payments and DeFi

Backed by institutional-grade infrastructure and strong demand for digital...

Share

Updated September 9, 2025 — “Bitcoin can close the year at $200,000 if the Fed eases,” stated Tom Lee, Chief Investment Strategist at Fundstrat, in a recent interview broadcast on YouTube.

Meanwhile, market watchers are monitoring a possible central bank pivot and noting inflows into spot Bitcoin ETFs, fueling the narrative of a rally; however, it should be noted that a more hawkish tone could trigger sharp movements.

In recent days, our editorial team has been following in real-time the intraday reaction of BTC/ETH to macro news and flows: the focus on pricing the probabilities of cuts and peaks in inflows has guided many positioning decisions.

According to the CME FedWatch, as of September 8, 2025, the implied probability of a 25 basis point cut at the September meeting was around 88%, an element that has strengthened positioning towards risky assets.

Market analysis and weekly reports also indicate significant inflows into crypto products: CoinShares reported $748 million in flows for Bitcoin-related products in the week ending September 1, 2025, with aggregated monthly flows of about $4.37 billion by the end of August 2025 CoinShares Weekly Digital Asset Fund Flows.

Key takeaways

  • Tom Lee bets on BTC at $200,000 by the end of the year, if the Fed adopts a more accommodative policy (source YouTube).
  • The market predominantly prices in a 25 bp cut at the next FOMC meeting, as indicated by the CME FedWatch tool.
  • Positive inflows on Bitcoin ETFs – reports like Analysis of Bitcoin ETF BTC Trends indicate 748 million dollars for Bitcoin products in the week ending September 1, 2025, and significant aggregated monthly inflows at the end of August 2025 – support the sentiment, although a more hawkish signal could generate greater volatility (CoinShares).

Fed and crypto: the driver that can change the market’s pace

For digital assets, monetary policy remains the main macro catalyst.

A cycle of cuts reduces the cost of money, supports multiples, and increases risk appetite, with effects that often reflect first on the assets most sensitive to liquidity, such as Bitcoin and Ethereum. In this context, every detail of the guidance can tip the balance.

The bull thesis of Tom Lee and Ethereum “in tow”

Tom Lee, Chief Investment Strategist at Fundstrat, maintains an optimistic view: “Bitcoin at $200,000 by the end of the year” if the Fed adopts monetary easing and institutional flows remain strong.

On the altcoin front, some analysts speculate that Ethereum could extend to the $7,000 area, should a truly accommodative cycle materialize and the BTC/ETH spread prove particularly favorable; technically, however, the market looks at the $4,000 level as a psychological threshold, with an initial upward target identified around $4,500. That said, the market’s reaction to the macro context remains crucial.

FOMC Meeting: What the Markets Are Pricing In

Implied Probabilities and Signals

The CME FedWatch tool indicates, at the time of consultation, that the market predominantly prices in a 25 basis point cut at the next meeting.

This pricing reflects the slowdown in labor market data and a trend towards easing inflation, while also keeping an eye on potential subsequent cuts.

Three Possible Paths and Impact on Prices

| 25 bp cut | Largely priced in | Positive but moderate bias, reaction dependent on guidance |
| 50 bp cut | Accommodative surprise | More pronounced bullish impulse, high volatility |
| No cut/hawkish tone | Shock relative to expectations | Risk of sell-off on BTC, ETH, and tech stocks |

In addition to the rate decision, the focus falls on communication (dot plot and press conference), which will guide the expected trajectory for the coming months and the risk profile of the assets.

Bitcoin ETF: inflows and market narrative

Recent Figures and Context

Net inflows into spot Bitcoin ETFs represent a decisive factor for the trend’s sustainability. Recently, aggregators and weekly reports have highlighted significant inflows: CoinShares reported $748 million for Bitcoin products in the week ending September 1, 2025, and aggregated monthly flows for August amounting to approximately $4.37 billion, data that enrich the market depth and can amplify upward movements.

These inflows strengthen market depth and can amplify upward movements, especially in the presence of a more dovish Fed. However, a sudden change in tone could hinder the momentum.

Key Prices and Levels to Monitor

The technical outlook remains constructive as long as Bitcoin defends the 100,000$ area, with intermediate resistances around 120,000$.

For Ethereum, in addition to the extension hypotheses up to 7,000$ formulated by some analysts, the market looks at the 4,000$ level as a psychological threshold and at 4,500$ as the first target in case of a sustained breakout. The reaction to the next Fed decision and inflows from ETFs could quickly redefine these levels.

Risks and Counter-Scenarios

  • Hawkish surprise: a restrictive tone or the absence of a cut can trigger profit-taking and a rapid repricing of risk.
  • Flow retracement: an outflow from ETFs would reduce marginal liquidity, increasing market fragility.
  • Unfavorable macro data: persistently high inflation or a stronger-than-expected labor market could shift rate expectations.

What to Watch in the Upcoming Sessions

  • CME FedWatch and Treasury data to capture signals on the rate path.
  • Daily ETF inflows/outflows as a proxy for institutional involvement.
  • Implied volatility of BTC/ETH (skew, term structure) to measure event risk.

Conclusion

The relationship between the Fed and the crypto market continues to be the pivot of the macro framework. A “base” cut of 25 bp with accommodative guidance supports the bull narrative, while more restrictive communication could reverse sentiment.

With bold forecasts like Tom Lee’s on Bitcoin at $200,000 and different approaches for Ethereum – among bullish estimates up to $7,000 and technical levels revolving around $4,000 – the short-term trajectory will largely depend on the Fed’s communication and the dynamics of ETF flows.

Source Notes and Methodology