Analysts: CME Futures Traders Increased Bitcoin Short Positions Before Fed Rate Decision
Article is form Jinse
September 18, 2024
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According to Golden Finance, K33 analyst David Zimmerman said that Chicago Mercantile Exchange (CME) Bitcoin futures traders increased their short positions ahead of today's Federal Reserve interest rate decision, indicating a cautious market sentiment. It is widely expected that the Fed will cut its benchmark interest rate this week, with rate traders predicting a 50 basis point cut at Wednesday's Federal Open Market Committee (FOMC) meeting. (TheBlock)
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