CME Traders Bet Big Against Bitcoin As US Fed Rate Cut Looms

Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal Reserve’s interest rate decision, according to K33 analyst David Zimmerman.
This move indicates a cautious approach in the market, as the Federal Open Market Committee (FOMC) is expected to announce its latest interest rate decision later today by 2 pm ETThe Looming Rate Cut And The Beforemath
So far, current market sentiment points towards a 50 basis-point