Bitcoin Volatility Nears 2026 Lows Ahead of Fed Decision, US Midterms

The notable signal here is compression rather than direction: volatility sitting near yearly lows into two known catalysts suggests positioning has thinned out, with K33 pointing to weak trading activity as the driver. That leaves the market unusually exposed to whatever the Fed decision and midterms deliver, since low-vol regimes tend to resolve sharply rather than gradually. The open question is whether participation returns before those events or only after them — that timing, more than the outcomes themselves, likely determines how disorderly any repricing proves to be.