Analysts: CME Futures Traders Increase Bitcoin Short Positions Ahead of Fed Rate Decision
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September 18, 2024
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CME Bitcoin Futures Traders Increase Short Positions Ahead of Fed Rate Decision
According to The Block, K33 analyst David Zimmerman reported that Chicago Mercantile Exchange (CME) Bitcoin futures traders have increased their short positions ahead of today's Federal Reserve interest rate decision, indicating a cautious market sentiment.
The Fed is widely expected to lower its benchmark interest rate this week, with interest rate traders predicting a 50 basis point cut at the Federal Open Market Committee (FOMC) meeting on Wednesday.
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