ChainCatcher news, according to The Block, K33 analyst David Zimmerman said that Chicago Mercantile Exchange (CME) Bitcoin futures traders increased their short positions before the Fed's interest rate decision was announced today, indicating that the market is cautious.

It is reported that the Fed is widely expected to cut its benchmark interest rate this week, and interest rate traders predict that the Fed will cut interest rates by 50 basis points at the Federal Open Market Committee (FOMC) meeting on Wednesday.