Bitcoin Volatility Sparks Deleveraging, Fed Cut Odds Rise to 87%

As per Bpaynews, Bitcoin's recent price swings have triggered a deleveraging wave, with futures open interest declining and altcoins falling more than 5%. Traders are increasingly betting on a Federal Reserve rate cut in December, with futures implying an 87% probability, which has pressured U.S. Treasury yields and the dollar. Meanwhile, Cyber Monday sales hit a record $14.25 billion, up 7.7% year-over-year, signaling strong consumer demand. Privacy coin ZEC dropped 33% week-on-week, and leveraged crypto ETFs have seen losses exceeding 80% from their peaks. MicroStrategy’s mNAV metric fell below 1.15, raising concerns about potential Bitcoin sales or hedging. Global AI spending is projected to exceed $2 trillion by 2026, with broader enterprise adoption expected.