The U.S. Federal Reserve is set to release its Federal Open Market Committee (FOMC) meeting minutes today at 2:00 PM ET, a development that could significantly impact the cryptocurrency market. Traders are keenly observing for any policy signals regarding a potential interest rate cut in October. Current market expectations indicate a 94.6% probability of a rate reduction to 3.75%-4.00%, which has already spurred increased inflows into Bitcoin and Ethereum ETFs. Recent market activity has seen total liquidations reach $62.104 million, with long positions accounting for $48.972 million. The release of the minutes could lead to three potential scenarios: a positive confirmation might trigger a market rebound, a neutral tone could extend current volatility, and hawkish comments might shift market sentiment from greed to fear, potentially increasing liquidations.