Traders bet on the Federal Reserve keeping interest rates unchanged, causing a sharp drop in the crypto market

According to ChainCatcher, the probability of the Federal Reserve maintaining interest rates unchanged has risen to 66% on Polymarket, with the total trading volume on this market reaching $119 million.

Market data shows that BTC briefly fell below $89,000, and ETH dropped below $1,900. In the past hour, total liquidations across the network reached $163 million, mainly long positions.