Bitcoin futures traders de-risk for FOMC, but Coinbase premium shows spot demand
NeutralCryptocurrency

Bitcoin futures open interest has decreased by $2 billion ahead of the upcoming FOMC meeting. However, the Coinbase premium index indicates that traders are focused on maintaining the $115,000 price level.
Editor’s Note: This situation is significant as it reflects traders' strategies in response to market events like the FOMC meeting. The drop in futures interest suggests caution, while the Coinbase premium indicates ongoing demand for Bitcoin, highlighting the complex dynamics in the cryptocurrency market.
— Curated by the World Pulse Now AI Editorial System