[Analyst Says Fed Rate Cut Expectations Trigger Surge in Market Volatility] On October 29, CryptoQuant analyst Axel stated that the market widely expects the Federal Reserve to cut interest rates by 25 basis points, leading to a spike in volatility to 54%. Bitcoin's current price is approximately $113,000, firmly holding above the seven-day volume-weighted average price support level, with the overall bullish structure remaining intact. Axel believes that as volatility surges, the market's technical pattern is showing a typical consolidation phase before a breakout.