Analyst: CME futures traders increased short positions on Bitcoin ahead of Fed rate cut decision

avatar
ODAILY
09-18
This article is machine translated
Show original
Odaily Odaily K33 analyst David Zimmerman said that Chicago Mercantile Exchange (CME) Bitcoin futures traders increased their short positions before the Federal Reserve's interest rate decision was announced today, indicating that the market is cautious. It is reported that the Federal Reserve is widely expected to cut its benchmark interest rate this week, and interest rate traders predict that the Federal Reserve will cut interest rates by 50 basis points at the Federal Open Market Committee (FOMC) meeting on Wednesday. (TheBlock)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments