UPDATE: Fed hold odds hit 93% as crypto derivatives open interest climbs 9.8%
CIE News ·
Update to UPDATE: Crypto liquidations hit $815 million as FOMC rate hold odds reach 90.6%
Based on reporting by CryptoSlate; not yet independently confirmed.
Rate futures price a 92% to 93% chance of a Fed rate hold as crypto derivatives open interest climbed 9.8% and funding rates rose 72.6%.
CME FedWatch data indicated an increased 92% to 93% probability of the Federal Reserve maintaining its target rate at 3.75% to 4.00% on October 28, 2026. As previously reported under "Market Outlook for FOMC Rate Decision," markets had earlier priced an 88% to 90.6% chance of a pause following September's 25-basis-point increase and a 3.7% annual consumer price index print.
Crypto derivatives markets shifted as futures open interest climbed 9.8% and perpetual average funding rates rose 72.6%. The positioning reflects market hedging against a hawkish message signaling an additional quarter-point hike in December 2026.
Bitcoin (BTC) traded at $80,729.28 on October 28, 2026, after rebounding 0.90%, according to dmarketforces.com. That level followed an earlier intraday low of $81,588.88 recorded on October 14 as reported by CryptoSlate.
Key facts
- 92% to 93% rate hold odds
- Open interest climbed 9.8%
- Funding rates surged 72.6%
- BTC traded at $80,729.28
Read the original at CryptoSlate