Bitcoin bulls rush into long positions ahead of May 7 Fed FOMC interest rate decision
- Bitcoin investors increased long positions ahead of the Federal Reserve's May 7 FOMC interest rate decision expected to impact markets.
- This event follows easing trade tensions and rising institutional demand amid Bitcoin's post-halving cycle influencing market sentiment.
- Data shows a $189 million rise in Bitcoin futures open interest with a 15% volume increase, while bulls defend the $94,000 support level.
- Analysts note that macro events amplify emotions but do not define Bitcoin's trajectory, with historical cycles driving long-term movements and $100K forecasts.
- The FOMC decision and Powell's tone may trigger volatility that could influence Bitcoin's short-term direction and validate a bullish market thesis.
10 Articles
10 Articles
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Key Scenarios For Tomorrow’s FOMC Decision — TradingView News - TECHTELEGRAPH
With the Federal Open Market Committee set to announce its May 7 policy decision, Bitcoin traders face a macro‑driven inflection point that could define price action into the summer. The Federal Reserve, under Chair Jerome Powell, is all but certain to keep the fed‑funds corridor at 4.25 to 4.50 percent; CME Group’s FedWatch tool assigns a 98.2 percent probability to an unchanged stance. That near‑certainty, however, has not muffled political no…
Bitcoin bulls rush into long positions ahead of May 7 Fed FOMC interest rate decision – DG Verifications & Stats
Bitcoin price catches a bid as bulls defend the $94,000 level as support and pile into margin long positions ahead of this week’s Federal Reserve interest rate decision. Market Update Key Takeaways: Data shows Bitcoin bulls opening margin long positions from $94,400. A $189 million increase in Bitcoin futures open interest and a 15% increase in trading volume show sustained buying interest. BTC momentum tends to slow before FOMC meetings and …
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