Bank of England Governor Bailey speaks in ten minutes. $BTC is currently at 81360, down 2.29% over the past 24 hours—already dipping in anticipation.
Open interest in contracts has actually risen 8.7% over the past hour, so some people are already betting his remarks will be dovish.
The first few minutes of speeches like this are when the market is most likely to whipsaw in both directions, so don’t rush to place market orders.