Powell Talk for Jackson Hole Don Spark $300M Bitcoin Futures
Federal Reserve Chair Jerome Powell speech for Jackson Hole symposium cause rapid $300 million waka enter Bitcoin futures inside 15 minutes, e make Binance open interest reach $13.3 billion. Powell talk say fit dey ease policy, e talk say tight policy condition fit make dem change policy stance, e make traders waka risk mode well well. Bitcoin price jump from around $112,000 go $116,500, e regain 200-period moving average but e still dey face resistance around $123,217. Traders dey eye support wey dey around $115,000 to $116,000 and dem dey expect breakout pass $117,000. This event show say Bitcoin futures market sensitive to Fed talk and e fit make short-term good momentum strong.
Bullish
Jerome Powell subtle dovish tone for Jackson Hole make people dey take risk for different asset classes, e cause $300M waka enter Bitcoin futures come increase. For history, Fed talk don dey cause quick gbege for crypto market—just like how e do for 2020 pandemic time—wey easing sign dem make open interest and price run up hit record. The immediate jump from near $112K go $116.5K show say short-term hawk man dem dey reason as traders dey expect say monetary policy go loose. If Bitcoin fit hold above $115K–$116K support zone and break through the mid-term resistance round $117K and $123K, e fit continue to climb. Long-term steadiness still dey depend on how central bank dey look am, but this tins fit mark the start of new bullish cycle for crypto derivatives markets.