ChainCatcher reported that according to The Block, K33 analyst David Zimmerman said that Chicago Mercantile Exchange (CME) Bitcoin futures traders increased their short positions before the Federal Reserve’s interest rate decision was announced today, indicating that the market was cautious.
The Federal Reserve is widely expected to cut its benchmark interest rate this week, with interest rate traders predicting the central bank will cut rates by 50 basis points at Wednesday's Federal Open Market Committee (FOMC) meeting.
