CME futures traders increase bitcoin short positions ahead of anticipated Fed rate decision volatility, analyst says
Chicago Mercantile Exchange (CME) bitcoin futures traders have ramped up short positions ahead of Wednesday's U.S. Federal Reserve interest rate announcement, signaling caution in the market, according to an analyst.
The Federal Open Market Committee (FOMC) is expected to announce its latest interest rate decision at 2 p.m. ET on Wednesday, with interest rate traders now predicting a 50 basis-point cut, the first reduction in the benchmark rate in four years.
