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15 Feb 2022

Glassnode: Crypto Investors Hedging out Risks Ahead of March Rate Hike

The Index Today

On-chain market intelligence data analysis from Glassnode shows that Bitcoin (BTC) investors are hedging out risks in order to stay protected against the expected interest rate hikes from the United States Federal Reserve this coming March.

Glassnode’s “The Week On-Chain” newsletter from Monday shows that the most significant trend in Bitcoin right now is the flat futures term structure through March. This is strongly attributed to “investor uncertainty regarding the wider economic impact of a tighter US dollar.”

According to Cointelegraph contributor Michaël van de Poppe, the rate hike is already priced into spot markets, but the longer-term effect it will have is still unclear. As a result, Glassnode observed that investors are taking steps to protect themselves from the potentially low downside risk.

“It appears that investors are deleveraging and utilizing derivatives markets to hedge out risk, and buy downside protection, with a keen eye on the Fed rate hikes expected in March,” he added.

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