CME BTC Short Positions Rise as Fed Rate Decision Looms
CryptoNewsTerminal Staff18 Sep, 2024
CME BTC Short Positions Rise as Fed Rate Decision Looms
The upcoming Federal Reserve interest rate decision has prompted an increase in short positioning on BTC futures traded on the CME. According to a report by Arcane Research analysts Vetle Lunde and David Zimmerman, this cautious positioning indicates that crypto investors are preparing for potential market volatility. Currently, the market anticipates a 65% likelihood of a 50 basis point rate hike by the Fed. This anticipation has likely contributed to the increase in short positions, as investors seek to hedge against potential downside risk.
