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Bitcoin bulls rush into long positions ahead of May 7 Fed FOMC interest rate decision
By: the crypto news wire|2025/05/07 07:15:01
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Bitcoin price catches a bid as bulls defend the $94,000 level as support and pile into margin long positions ahead of this week’s Federal Reserve interest rate decision. Key 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 show sustained buying interest. Read more
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