However, derivatives data showed traders had not added large new positions before the Fed decision. Total crypto open interest stayed near $113 billion, while trading volume rose 10% to $205 billion. The taker long-short volume ratio also stayed close to balance.
Bitcoin open interest held near 750,000 BTC. Ether open interest declined for a fourth day to 14.14 million ETH. UNI moved against the wider trend, with open interest rising to 68.53 million tokens after its price gained about 5%.
Options data showed stronger demand for . Put options at $62,000, $60,000 and $54,000 led Deribit’s 24-hour volume rankings. Ether calls ranked higher than puts. Meanwhile, 30-day implied volatility for both assets stayed near recent lows.
The Fed is scheduled to release its decision at 2 p.m. Eastern Time, followed by a press conference. Traders will watch whether Bitcoin holds above $63,410 or faces rejection near $64,748 after the announcement.
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