As FOMC approaches, the crypto market may face massive volatility, on-chain liquidation wall levels for mainstream assets are exposed, and how top holders are responding.
BlockBeats news, October 27th, at 2 AM Beijing time this Thursday, the Federal Reserve will hold its FOMC interest rate meeting, and Fed Chair Warsh will simultaneously hold a press conference to reveal potential future interest rate trends.
On the other hand, Bitcoin has been fluctuating within a narrow range for nearly a month, with momentum extremely compressed. It can be expected that during the FOMC, volatility in the crypto market is likely to rapidly amplify. This article will analyze the potential direction of market momentum by examining on-chain liquidation wall levels and changes in the positions of top holders.
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