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Bitcoin futures traders de-risk for FOMC, but Coinbase premium shows spot demand

Bitcoin futures open interest dropped by $2 billion ahead of this week’s FOMC, but the Coinbase premium index shows traders are determined to defend the $115,000 price level.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin futures traders de-risk for FOMC, but Coinbase premium shows spot demand

Bitcoin futures open interest dropped by $2 billion ahead of this week’s FOMC, but the Coinbase premium index shows traders are determined to defend the $115,000 price level.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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