Analyst: CME futures traders increase bitcoin short position ahead of Federal Reserve rate cut decision
2024-09-18 13:16:09
K33 analyst David Zimmerman said that Chicago Mercantile Exchange (CME) bitcoin futures traders increased their short positions ahead of today's announcement of the Federal Reserve's interest rate decision, indicating that the market is cautious. It is reported that the Federal Reserve is widely expected to cut the base rate this week, and interest rate traders predict that the Federal Reserve will cut interest rates by 50 basis points at Wednesday's FOMC (FOMC) meeting. (TheBlock)
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