The crypto market is showing significant uncertainty. Open Interest (OI) on Binance increased sharply after the rate cut news, but whale activity on Bitmex remained stagnant.
This indicates that retail investors are starting to build long positions, while whales are still waiting for more clarity on interest rate policy.
Nevertheless, optimism towards Bitcoin remains high. Analysts believe that BTC has the potential to strengthen amid the ongoing market uncertainty.
Stay alert and monitor global economic policy developments for wiser investment decisions.