Source: Cointelegraph.com NewsKey Takeaways:<\/p>\n
Data shows Bitcoin bulls opening margin long positions from $94,400.
\nA $189 million increase in Bitcoin futures open interest and a 15% increase in trading volume show sustained buying interest.
\nBTC momentum tends to slow before FOMC meetings and then turns volatile afterward. The same could happen following this week\u2019s Federal Reserve statements.<\/p>\n
Bitcoin (BTC) bulls are holding strong around the $94,500 level as the market awaits the Federal Open Market Committee (FOMC) meeting on May 7. Bitcoin analyst Axel Adler Jr. noted BTC\u2019s price strength and pointed out a bullish cluster of long positions forming around $94,400 in the futures market. A similar cluster was observed at the end of April, which pushed BTC prices to $97,500. Source: Cointelegraph.com NewsKey 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… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128708"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128708"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128708\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128708"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBitcoin futures position dominance data. Source: X.comSimilarly, Bitcoin futures open interest (OI) exhibited a swift increase of 2,000 BTC, i.e., roughly $189 million, over the past few hours. A rise in OI and a 15% increase in aggregated volume imply consistent buying pressure despite the price dip.
\nThe aggregated funding rate remains near neutral, indicating balanced sentiment between longs and shorts over the past eight hours. However, funding rates have fluctuated, with brief spikes to 0.018% on May 6, suggesting periodic optimism among leveraged traders.
\nBitcoin open interest, aggregated volume, funding rate and price. Source: Velo. chartMN Capital founder Micha\u00ebl van de Poppe also identified Bitcoin\u2019s bounce and said that BTC could continue to recover in the markets. The analyst said,
\n\u201cI think we’ll continue the grind on Bitcoin upward, the key factor here is whether Gold starts to correct after FOMC tomorrow, indicating that there’s the start of the business cycle.
\nRelated: Bitcoin sell-off to $93.5K is a brief hiccup \u2014 Data still supports new BTC highs in 2025
\nBitcoin momentum stalls before FOMC
\nSwissblock, an investment management firm, revealed that Bitcoin’s momentum typically slowed down before the last five interest rate decisions, followed by a sharp increase in price volatility. In an analysis on X, the firm presented a chart tracking Bitcoin\u2019s 25-day rate of change (ROC) from October 2024 to May 2025.
\nBitcoin\u2019s price steadily climbed in the charts whenever the ROC trended up or went positive. It was mainly observed during October-November 2024, and recently in April 2025.
\nBitcoin price momentum around FOMC. Source: X.comConsequently, when the ROC tapers off, BTC corrects, an outcome observed in January-February 2025. Recent data indicates that the ROC remains on an uptrend in May 2025, which increases the possibility of a price gain for Bitcoin.
\nSwissblock emphasized that the FOMC meeting is a potential catalyst for Bitcoin\u2019s next move, noting that the rate decision and Federal Reserve Chair Jerome Powell\u2019s tone could spark volatility in financial markets.
\nRelated: Bitcoin price rallied 1,550% the last time the \u2018BTC risk-off\u2019 metric fell this low
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"