Bitcoin futures traders de-risk for FOMC, but Coinbase premium shows spot demand
Bitcoin futures open interest dropped by $2 billion ahead of this week’s FOMC, but the Coinbase premium index shows traders are determined to defend the $115,000 price level.
Key takeaways:
Bitcoin futures open interest fell $2 billion in five days, signaling cautious futures traders.
Binance taker volume averages cycle lows as the market waits for Fed’s interest rate decision.
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