The market is waiting for a big move; The volume of Bitcoin leveraged transactions reached 40 billion dollars!

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As the key Federal Reserve meeting approaches on Wednesday, Bitcoin traders have increased their leveraged positions in the derivatives market. The Federal Reserve is expected to cut interest rates by 0.25 percent, a decision that could make riskier assets like cryptocurrencies more attractive.

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Yesterday, the growth of the Bitcoin price to over $116,000 was accompanied by an increase in investors’ interest in leveraged positions, and the total value of open Bitcoin positions in the derivatives market reached more than $37.63 billion. Although this figure is still lower than the record of $47 billion in early October, it shows the increased confidence of traders and their expectation for future market movements.

Meanwhile, experts warn that increased leverage, while providing greater profit opportunities, also increases the risk of extreme market volatility. Given the current US economic conditions, including deflation and unstable economic data due to the government shutdown, any macro decision by the Federal Reserve could have an immediate and significant impact on the price of Bitcoin and other digital currencies.

At the time of writing, Bitcoin price has retreated to the $113,940 range.