{"id":642920,"date":"2024-09-18T16:28:03","date_gmt":"2024-09-18T16:28:03","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=642920"},"modified":"2024-09-18T16:28:03","modified_gmt":"2024-09-18T16:28:03","slug":"cme-traders-bet-big-against-bitcoin-as-us-fed-rate-cut-looms","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/breaking-news-ticker\/cme-traders-bet-big-against-bitcoin-as-us-fed-rate-cut-looms\/","title":{"rendered":"CME Traders Bet Big Against Bitcoin As US Fed Rate Cut Looms"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Traders on the Chicago Mercantile Exchange (CME) have been increasing their<a href=\"https:\/\/shenyangcang.com\/news\/bitcoin\/binance-traders-short-bitcoin\/\" target=\"_blank\" rel=\"noopener \"> short positions<\/a> on Bitcoin futures ahead of the US Federal Reserve&#8217;s interest rate decision, according to K33 analyst David Zimmerman.<\/p>\n<p data-pm-slice=\"1 1 []\">This move indicates a <a href=\"https:\/\/shenyangcang.com\/bitcoin-news\/bitcoin-etf-by-blackrock-registers-first-daily-net-inflow-in-3-weeks-what-to-know\/\" target=\"_blank\" rel=\"noopener \">cautious approach<\/a> in the market, as the Federal Open Market Committee (FOMC) is expected to announce its latest interest rate decision later today by 2 pm ET<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/bitcoin-news\/crypto-analyst-reveals-key-insights-into-bitcoins-bull-bear-transition-phase\/\" target=\"_blank\" rel=\"noopener \">Crypto Analyst Reveals Key Insights into Bitcoin\u2019s Bull-Bear Transition Phase<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">The Looming Rate Cut And The Beforemath<\/h2>\n<p data-pm-slice=\"1 1 []\">So far, current market sentiment <a href=\"https:\/\/www.theblock.co\/post\/317060\/cme-futures-traders-increase-bitcoin-short-positions-ahead-of-anticipated-fed-rate-decision-volatility-analyst-says\" target=\"_blank\" rel=\"noopener nofollow\">points<\/a> towards a 50 basis-point rate cut, a significant change from the usual monetary policy. This would be the first-rate reduction in four years, causing market participants to brace for potential volatility.<\/p>\n<p>Zimmerman noted that CME traders have notably increased their short positions by 5,500 BTC over the past two days, pushing futures premiums to a nine-month low. This trend <a href=\"https:\/\/shenyangcang.com\/bitcoin-news\/bitcoin-toughest-time-why-q4-game-changer\/\" target=\"_blank\" rel=\"noopener \">suggests a shift<\/a> towards bearish sentiment on Bitcoin in anticipation of the FOMC&#8217;s decision.<\/p>\n<p>Additionally, the CME futures market is reflecting fears of heightened volatility, similar to what occurred following the recent US Consumer Price Index (CPI) release.<\/p>\n<p>According to Zimmerman, the &#8220;downward sloping futures premiums&#8221; on CME, now below 5% for the first time since January 15, indicate &#8220;hedging against potential risks&#8221; associated with the FOMC meeting.<\/p>\n<h2 data-pm-slice=\"1 1 []\">Implications Of Interest Rate Cuts On Bitcoin<\/h2>\n<p data-pm-slice=\"1 1 []\">Zimmerman pointed out that although rate cuts usually relief <a href=\"https:\/\/shenyangcang.com\/bitcoin-news\/crypto-analyst-reveals-key-insights-into-bitcoins-bull-bear-transition-phase\/\" target=\"_blank\" rel=\"noopener \">market conditions<\/a> and may enhance liquidity for risk assets like Bitcoin, worries about a possible economic downturn remain.<\/p>\n<p data-pm-slice=\"1 1 []\">The analyst mentioned that the anticipated 50 basis-point cut has amplified these concerns. Historical precedents show that such a significant reduction, like those in 2001 and 2007, heightened recession fears.<\/p>\n<p data-pm-slice=\"1 1 []\">Currently, with real interest rates at their cyclical highs and inflation cooling, the Federal Reserve may consider swift cuts to reach a &#8220;neutral rate&#8221;\u2014a rate that neither stimulates nor restricts the economy, Zimmerman suggested.<\/p>\n<p data-pm-slice=\"1 1 []\">The analyst added, noting: &#8220;Currently, 125 basis points in cuts are expected by the end of the year.&#8221;<\/p>\n<p data-pm-slice=\"1 1 []\">Currently, Bitcoin <a href=\"https:\/\/shenyangcang.com\/analysis\/btc\/bitcoin-price-bounces-60k\/\" target=\"_blank\" rel=\"noopener \">trades at $59,415<\/a>, at the time of writing down by 2.7% in the past day. Despite the bearish sentiment from CME traders, several analysts are optimistic that the fed rate cut will be positive for Bitcoin.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/analysis\/btc\/bitcoin-price-bounces-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Bounces Back, But Can It Sustain Above $60K?<\/a><\/div>\n<p data-pm-slice=\"1 1 []\">For instance, renowned crypto analyst known as Moustache on X has recently <a href=\"https:\/\/twitter.com\/el_crypto_prof\/status\/28297549?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">pointed<\/a> to a notable bullish pattern on BTC chart, suggesting that the upcoming FOMC decision could assist the pattern in playing out completely.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">#Bitcoin<\/a> (W)<\/p>\n<p>Most exciting FOMC meeting of the year and the chart of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$BTC<\/a> looks like this.<\/p>\n<p>Descending broadening wedge for 6 months.<br \/>\nIn the past, these patterns have ALWAYS been bullish.<\/p>\n<p>RSI is a leading indicator and has already broken out of the downtrend. <a href=\"https:\/\/t.co\/zbHNIM5vfc\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/zbHNIM5vfc<\/a><\/p>\n<p>\u2014 \ud835\udd44\ud835\udd60\ud835\udd66\ud835\udd64\ud835\udd65\ud835\udd52\ud835\udd54\u24d7\ud835\udd56 \ud83e\uddf2 (@el_crypto_prof) <a href=\"https:\/\/twitter.com\/el_crypto_prof\/status\/28297549?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">September 18, 2024<\/a><\/p><\/blockquote>\n<p data-pm-slice=\"1 1 []\">Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal Reserve&#8217;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 ET Related Reading: Crypto Analyst Reveals Key Insights into Bitcoin\u2019s Bull-Bear Transition Phase The Looming Rate Cut And The Beforemath So far, current market sentiment points towards a 50 basis-point rate cut, a significant change from the usual monetary policy. This would be the first-rate reduction in four years, causing market participants to brace for potential volatility. Zimmerman noted that CME traders have notably increased their short positions by 5,500 BTC over the past two days, pushing futures premiums to a nine-month low. This trend suggests a shift towards bearish sentiment on Bitcoin in anticipation of the FOMC&#8217;s decision. Additionally, the CME futures market is reflecting fears of heightened volatility, similar to what occurred following the recent US Consumer Price Index (CPI) release. According to Zimmerman, the &#8220;downward sloping futures premiums&#8221; on CME, now below 5% for the first time since January 15, indicate &#8220;hedging against potential risks&#8221; associated with the FOMC meeting. Implications Of Interest Rate Cuts On Bitcoin Zimmerman pointed out that although rate cuts usually relief market conditions and may enhance liquidity for risk assets like Bitcoin, worries about a possible economic downturn remain. The analyst mentioned that the anticipated 50 basis-point cut has amplified these concerns. Historical precedents show that such a significant reduction, like those in 2001 and 2007, heightened recession fears. Currently, with real interest rates at their cyclical highs and inflation cooling, the Federal Reserve may consider swift cuts to reach a &#8220;neutral rate&#8221;\u2014a rate that neither stimulates nor restricts the economy, Zimmerman suggested. The analyst added, noting: &#8220;Currently, 125 basis points in cuts are expected by the end of the year.&#8221; Currently, Bitcoin trades at $59,415, at the time of writing down by 2.7% in the past day. Despite the bearish sentiment from CME traders, several analysts are optimistic that the fed rate cut will be positive for Bitcoin. Related Reading: Bitcoin Price Bounces Back, But Can It Sustain Above $60K? For instance, renowned crypto analyst known as Moustache on X has recently pointed to a notable bullish pattern on BTC chart, suggesting that the upcoming FOMC decision could assist the pattern in playing out completely. #Bitcoin (W) Most exciting FOMC meeting of the year and the chart of $BTC looks like this. Descending broadening wedge for 6 months. In the past, these patterns have ALWAYS been bullish. RSI is a leading indicator and has already broken out of the downtrend. pic.twitter.com\/zbHNIM5vfc \u2014 \ud835\udd44\ud835\udd60\ud835\udd66\ud835\udd64\ud835\udd65\ud835\udd52\ud835\udd54\u24d7\ud835\udd56 \ud83e\uddf2 (@el_crypto_prof) September 18, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":642924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86683],"tags":[428,441,629,1119,78790,11529,6664,10923,93065],"class_list":["post-642920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news-ticker","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-market","tag-btc","tag-btcusdt","tag-cme","tag-crypto","tag-crypto-market","tag-k33-rsearch"],"acf":[],"yoast_head":"\n<title>CME Traders Bet Big Against Bitcoin As US Fed Rate Cut Looms<\/title>\n<meta name=\"description\" content=\"Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/breaking-news-ticker\/cme-traders-bet-big-against-bitcoin-as-us-fed-rate-cut-looms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CME Traders Bet Big Against Bitcoin As US Fed Rate Cut Looms\" \/>\n<meta property=\"og:description\" content=\"Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal...\" \/>\n<meta property=\"og:url\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/shenyangcang.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"CME Traders Bet Big Against Bitcoin As US Fed Rate Cut Looms","description":"Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/breaking-news-ticker\/cme-traders-bet-big-against-bitcoin-as-us-fed-rate-cut-looms\/","og_locale":"en_US","og_type":"article","og_title":"CME Traders Bet Big Against Bitcoin As US Fed Rate Cut Looms","og_description":"Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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