Bitcoin's dominance soared to a 4-year high before the FOMC, and analysts warn of potential severe fluctuations.

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According to Mars Finance, ahead of the Federal Reserve's Open Market Committee (FOMC) meeting, Bitcoin (BTC) dominance has surpassed 65%, reaching a new high since January 2021, indicating strong risk-averse sentiment. Analyst Joel Kruger believes the market is waiting for key catalysts like the FOMC decision. K33 research director Vetle Lunde predicts that significant price fluctuations may occur after the FOMC meeting, given Bitcoin's recent extremely low volatility. He points out that the current negative funding rate of perpetual futures may provide buying opportunities for investors. (CoinDesk)

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