Bitcoin Bulls rushes to long positions before May 7 through the FOMC interest rate

Main meals:

• Data shows that Bitcoin Bulls opens long margin positions of $ 94,400.

• An increase of 189 million dollars in the future Bitcoin interest is open and a 15 % increase in trading volume shows a sustainable purchase benefit.

• BTC momentum tends to slow down before FOMC meetings and then turns into a volatile. The same thing can happen after the Federal Reserve this week.

Bitcoin (BTC) The bulls reserved strongly around the level of 94,500 dollars, as the market awaits the FOOC Open Market Committee (FOMC) on May 7. Bitcoin Axel Adler Junior. male The strength of the BTC price pointed to a loud group of long centers consisting of about 94,400 dollars in the futures market. A similar group was observed at the end of April, which prompted BTC prices to $ 97,500.

Likewise, Bitcoin futures Open benefit (OI) It offered a rapid increase of 2000 BTC, or nearly $ 189 million, over the past few hours. An increase in OI and a 15 % increase in total size means consistent purchase pressure despite the low price.

The assembled financing rate is still near the neutral, indicating a balanced feeling between the phase and short strictures over the past eight hours. However, the financing rates have fluctuated, with a summary increase to 0.018 % on May 6, indicating periodic optimism among the merchants who were called.

Founder MN Capital Michaël Van De Poppe It was identified Bitcoin bounces and says BTC can continue to recover in the market. The analyst said,

“I think we will continue grinding on Bitcoin up, and the main factor here is whether gold begins to correct it after FOMC tomorrow, indicating that there is the beginning of the work cycle.

Related: Selling Bitcoin to 93.5 thousand dollars is the brief hiccups-data still supports new levels of BTC in 2025

Bitcoin momentum stalls before FOMC

Swissblock, an investment management company, open Bitcoin momentum usually slows down before the last five interest rate decisions, followed by a sharp increase in price fluctuations. In an X analysis, the company provided a 25 -day Bitcoin change rate (ROC) from October 2024 to May 2025.

The price of Bitcoin increased steadily in the charts whenever ROC is heading or becoming positive. It was mainly observed during October-2024, and recently in April 2025.

Thus, when ROC turns off, the BTC correction, the result that was observed in January to February 2025. modern data indicates that ROC is still in a bullish direction in May 2025, which increases the possibility of increasing the price for Bitcoin.

Swissblock confirmed that the FOMC meeting is a potential incentive for the next movement of Bitcoin, noting that the price decision and the head of the Federal Reserve Jerome Powell can provoke fluctuations in the financial markets.

Related: Bitcoin price has increased 1550 % in the last time

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.