Bybit warns of sharp bitcoin volatility ahead of Fed meeting
- —Analysis of 40 FOMC meetings: first BTC reaction up and down is roughly 50/50
- —Market estimates an 87% probability of a 25 basis point rate hike
- —Open interest in BTC futures fell 13.5% from September 3 to 11
- —Trading volumes are low as traders await the Fed decision on the sidelines
Why it matters: The Fed meeting's outcome is unpredictable for BTC, threatening sharp price moves and liquidations in both directions.
Source: The Cryptonomist