Bitcoin (BTC) is showing strong support near $94,500 (approximately 138 million won), with investors' expectations growing as they await the Federal Open Market Committee (FOMC) meeting results. According to recent on-chain data, margin long positions are concentrated in this range, indicating that bullish investors are expanding their positions.
Cryptocurrency analyst Axel Adler Junior analyzed that multiple long position clusters are forming around the $94,400 range in the Bitcoin futures market. He added that a similar pattern emerged in late April, which at the time propelled Bitcoin to $97,500 (approximately 142 million won).
The futures market's open interest increased by $189 million (approximately 276 billion won) in a single day, demonstrating that bullish sentiment remains strong. Trading volume also rose by approximately 15% during the same period, suggesting continued aggressive buying by investors. As trading activity expands, capital inflows targeting purchase timing in the upward range are continuously streaming in.
However, experts believe that the upward momentum may temporarily slow down before and after the FOMC meeting announcement this week. Typically, periods dominated by uncertainty regarding the Federal Reserve's interest rate policy tend to have lower volatility, and Bitcoin prices have repeatedly experienced sharp fluctuations based on subsequent statements.
The market is also paying attention to the subtle policy differences between Trump and the Federal Reserve. With Trump repeatedly emphasizing the need for interest rate cuts, investors are reacting to the potential for easing of the current tight monetary policy. There are growing expectations that if the Federal Reserve sends unexpectedly accommodative signals, Bitcoin's upward trend could be further strengthened.
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