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Glassnode research shows the probability of the Federal Reserve raising interest rates by 25 basis points in October has fallen to 22%, down from 66% previously.
In a research note published on October 3, Glassnode estimated that the probability of the Federal Reserve raising interest rates by 25 basis points at its October 28 meeting had fallen from 66% on September 28 to 22% at 15:00 UTC on October 2. The research also noted that an 8-hour period before the October 2 jobs report saw $50 million in Bitcoin short liquidations.
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