Bitcoin and altcoin data fuel optimism ahead of the Fed decision: experts comment on the latest forecasts!
The analytics platform CryptoQuant reported that investors in derivatives markets are becoming increasingly optimistic ahead of the Federal Reserve (Fed) interest rate decision.
According to the company’s latest report, market positioning has changed significantly, especially as Bitcoin once again surpassed the $70,000 level.
The report states that as Bitcoin moved above $70,000, a significant number of short positions were liquidated, while new long positions were opened above the $73,000 level. According to the analytics firm, this indicates strengthening short-term bullish expectations among investors. It is noted that long positions now dominate the perpetual futures market.
Futures data also supports this optimism. Bitcoin funding rates have shifted from negative to positive, while Ethereum funding rates remain positive. This suggests that investors are willing to pay a premium to maintain their long positions.
On the other hand, buyers are also dominating in trading volumes. The fact that the buy/sell volume ratio has exceeded 1 for both Bitcoin and Ethereum indicates that buying activity has outweighed selling since mid-March. This points to growing expectations of short-term price increases in the market.
However, despite the optimistic outlook, the report also highlights certain risks. Alongside Bitcoin’s price growth, there has been a significant increase in the volume of $BTC flowing into exchanges. The fact that 63% of these hourly inflows (reaching 6,100 $BTC) came from large investors is considered a signal that historically indicates potential strengthening of selling pressure.
It is also noted that in the near term, Bitcoin may face strong resistance in the $75,000–$85,000 range. These levels are believed to correspond to the on-chain cost basis of investments and have previously acted as resistance zones, especially during bear market rallies. Therefore, it is warned that any upward movement may be limited if selling pressure increases.
See also: "Bitcoin today: stable around $74K ahead of the Fed decision"
Українська
Русский
English

