Main takeout:
According to the data, Bitcoin Bulls opens a long position of $ 94,400.
Bitcoin futures interest interest increased by $ 180 million and trading volume increased by 15%.
BTC momentum tends to slow down before the FOMC meeting, and then volatile. The same is true of this week’s federal preparation system.
BITCOIN (BTC) BULLS was waiting for the Federal Open Market Committe (FOMC) meeting on May 7, and Bitcoin Analyst AXEL Adler Jr. mentioned the price of BTC and strengthened about $ 94,400 in Future Market. I pointed out. Similar clusters were observed at the end of April, which increased the price of BTC to $ 97,500.
Similarly, Bitcoin Future Open Interest (OI) has been rapidly increased by about $ 180 million in the last few hours. The increase in OI and the increase of 15%of the house weighing means consistent purchase pressure even if the price drops.
The aggregated financing rate remains almost neutral and represents a balanced feeling between long and shorts for the last eight hours. However, on May 6, the spike flows to 0.018%, suggesting periodic optimism between leverage traders.
Mn Capital founder Michaël Van de Poppe also said Bitcoin’s bounce and BTC could continue to recover from the market. Analyst
“We keep thinking about the mane of Bitcoin, where the key factor here is whether gold begins to be modified after tomorrow.
Related: Bitcoin Sales $ 93.5K is a simple hiccup. The data still supports the best BTC in 2025.
Bitcoin exercise is stopped before FOMC
SWISSBLOCK, an investment management company, said Bitcoin’s momentum was generally slowed before the last five interest rate decisions, and price volatility increased rapidly. In the analysis of X, the company proposed a chart that tracks Bitcoin’s 25 -day change rate (ROC) from October 2024 to May 2025.
The price of Bitcoin has been steadily on the chart whenever ROC is popular or positively proceeds. Mainly observed in October to November 2024 and last April 2025.
As a result, when ROC boards, the BTC will fix the results observed in January -February 2025. According to recent data, ROC maintains the rise in May 2025, increasing the chances of price benefits of Bitcoin.
SWISSBLOCK emphasized that the FOMC meeting was a potential catalyst for Bitcoin’s next movement, and pointed out that the tone of the fare decision and the federal reserve chairman Jerome Powell could cause volatility in the financial market.
Related: Bitcoin Price finally increased 1,550%of the ‘BTC Risk-Off’ metrics.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.