Weekly Analysis: Volatility Compresses Ahead of the Rate Decision

Realized volatility across the largest crypto assets has compressed to its lowest level in six months, a pattern typically seen ahead of major macro catalysts.

Options markets are pricing a wider-than-usual move following next week's rate decision, with skew suggesting traders are slightly more hedged to the downside.

Key levels to watch: bitcoin support sits near $112,000, with resistance clustered around the recent high. A break in either direction on above-average volume would likely set the tone for the rest of the month.