News

BlockBeats News, May 29th. According to CME FedWatch Tool data, the market's expectations for interest rate cuts this year have been almost entirely erased, with some even contemplating a potential 75 basis point rate hike. Currently, the probability of the Fed holding rates steady through the end of 2026 is 51.9%. The probability of a cumulative 25 basis point rate cut throughout the year is only 0.5%, while the probabilities of a cumulative 25 basis point rate hike, 50 basis point rate hike, and 75 basis point rate hike are 37.3%, 9.3%, and 1%, respectively. Furthermore, the probability of a 25 basis point rate cut at the next Fed meeting in June is 1.1%.

Montavon declined to comment, while LVMH once again denied the misappropriation of Hermès shares.

According to Odaily, Greeks.live macro researcher Adam stated on X that Bitcoin has fallen below the dense region of options Gamma Exposure (GEX), and the resistance from positions above is gradually weakening; Ethereum (ETH) has also broken below the concentrated GEX range near $2,000, and short-term structural support has been weakened. Although BTC price has entered a relatively sensitive zone, implied volatility (IV) has not risen significantly. Overall IV across all maturities remains below 40%, and long-dated IV continues to decline. Even with three consecutive days of decline, near-term IV has not been effectively pushed up, indicating that the market is not showing clear signs of panic pricing. Currently, the implied probability for May-expiring options is around 20%. Tomorrow’s monthly settlement may significantly reshape the current options position structure. Overall, the market is still watching the effectiveness of key support levels, and large position holders have not noticeably increased their hedging demand against further downside risks.