Bitcoin bulls rush into long positions ahead of May 7 Fed FOMC interest rate decision
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.