Crypto market positioning is 'defensive and thin' after Fed, Marex analysts say (opens original article in a new tab)

Crypto markets declined following the Federal Reserve's hawkish stance on interest rates, with risk-off positioning and bearish dominance observed as traders hedge against potential downturns.

• Crypto markets weakened after the Federal Reserve's hawkish tone on interest rates
• Derivatives data show risk-off positioning and bearish dominance with increased demand for short-dated put options
• BTC and other major tokens posted losses, with the CoinDesk 20 Index falling over 1.2%