**Bitcoin Futures Surge After Fed's July Minutes Release**

Bitcoin futures traders added over $1 billion to Bitcoin Open Interest (OI) following the release of the U.S. Federal Reserve's July meeting minutes, hinting at a possible rate cut in September.

- On Aug. 22, Bitcoin futures OI hit $31.92 billion, up $1.26 billion in 12 hours.

- OI reflects unsettled derivative contracts, signaling trader confidence in Bitcoin's price direction.

- Data shows a slight edge for long traders at 50.63% vs. 49.37% for shorts.

Bitcoin's price is steady at $60,623, up 2.26% in the past 24 hours. Analysts suggest a rate cut could spur investment in riskier assets like Bitcoin.