Bitcoin Dey Hol Di Key $98K Support As Open Interest Drop; Volatility Dey Loom Before FOMC Decision

Bitcoin still dey volatile as traders dey wait for di Federal Open Market Committee (FOMC) decision wey dey come, one big event wey fit affect worldwide markets and di cryptocurrency sector. Bitcoin price still dey hold above di important $98,300 support level, technical indicators show say di market dey oversold for short term. E get $11.3 billion drop for 180-day open interest for major exchanges like Bitget and CME, wey mean say plenty leveraged positions don comot. For history, drops like dis for open interest dey come before strong rallies and sharp corrections. Most platforms report say leveraged money dey come out, but Gate.io dey standout with continuous capital inflow. Market sentiment still fragile and divided, traders dey fear say if dem no fit hold $98,300 support, e fit cause deep correction—maybe go down to $91,000. If market fit keep support above $98,300, e go keep di bullish structure, but everybody dey watch di FOMC decision and price moves for dis key level. Traders suppose dey alert to volatility, historical price reactions to FOMC news, and quickly changing leverage data, as short-term moves fit bring risk and opportunities both.
Neutral
Di news show say Bitcoin get balanced outlook. The price dey hold above big support for $98,300, e keep the bullish market structure. But, the big drop for open interest for main exchanges mean say leveraged traders dey comot, fit lead to relief rally if support hold, or deep correction if e break. Market still dey wait for FOMC decision, event wey dey usually make big moves for crypto prices. Considering this mixed signals—oversold technicals wey mean possible upside, but fragile sentiment and leverage outflows wey mean make person dey cautious—the overall effect na neutral till clear direction show.