Odaily News Before the Federal Open Market Committee (FOMC) meeting, Bitcoin (BTC) dominance broke through 65%, hitting a new high since January 2021, indicating a strong risk aversion sentiment among funds.
Analyst Joel Kruger believes that the market is waiting for key catalysts such as the FOMC resolution. Vetle Lunde, head of research at K33, predicts that given Bitcoin's recent extremely low volatility, significant price fluctuations may occur after the FOMC meeting. He pointed out that the current negative perpetual contract funding rate may provide investors with buying opportunities. (CoinDesk)