[Analyst: Fed's Hawkish Stance May Increase BTC Volatility] Cryptoquant analyst Axel Adler Jr stated that the Federal Reserve plans to gradually exit quantitative tightening (QT) starting December 1, which is a moderate positive for risk assets. However, the Fed's hawkish stance on December's policy and yesterday's market performance, with the 2-year Treasury yield rising by 7 basis points (bps), indicate that market expectations for rapid rate cuts are low. This situation may limit the upside potential of asset prices while suppressing market risk appetite. The analyst believes this will further drive Bitcoin (BTC) volatility higher.