Fed Minutes Aftermath

Jan 5, 2022 • 6 Min Read

Key Takeaways

Risk-on assets, including Bitcoin, drop upon the release of the latest Fed minutes, which signals the potential to reduce the balance sheet in Q1 2022. The 10-year has increased over 12% YTD and seems on its way to 2.0% for the first time since 2019.Contrary to apparent market trepidation, the implied volatilities of Bitcoin options have been trending downwards over the prior month.The leverage ratio has surpassed the levels witnessed during the last major drawdown in early December, meaning if prices continue to grind down, we could see the market incur significant liquidati...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

Keep reading by starting your Free Trial today!

You are reading the last free article.

Already have an account? Sign In

FS Insight footer logo

150 East 52nd St, 3rd Floor New York, NY 10022

SUBSCRIBE TO OUR FREE RESEARCH REPORTS

An institutional-grade report delivered to your inbox every week.

© 2025 FS Insight. All rights reserved.

Illustrations by Karl Wimer.