Traders lower bets on Fed rate cut in December
Jinse Finance reported that traders have lowered their bets on a Federal Reserve rate cut in December, with the current probability of a rate cut at 71%, down from the previous 90%.
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Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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Analysis: Bitcoin options with a notional value of approximately $23.8 billions will expire on December 26, potentially leading to concentrated liquidation and repricing of risk exposure at year-end.
