This year, the Fed has already left rates unchanged five times, and after three of those meetings $BTC fell within a day, by an average of 2.6%. The biggest drops came after January (−6.2%) and June (−5.1%). The market cares not about the rate itself (a hold is priced in at ~90%), but about the Fed chair’s comments, while Polymarket sees two “dissenting” votes as the most likely outcome. DVOL options volatility is holding near 37, meaning the market expects a calm reaction.
Where will the price move after the Fed: up or down? 👇
#FedDay