Prediction evidence

Ju

Justin Bennett

@JustinBennettFX

Pre-FOMC, the behind-the-scenes data is telling an interesting story... 👀 Whale positioning has improved, which looks bullish at first glance. But here’s the catch... Open interest has been falling the entire time. If leveraged whales were aggressively loading longs, I’d expect OI to rise with WRD. Instead, this looks more like de-risking, short covering, or whales simply becoming less bearish relative to retail. That makes sense with FOMC just hours away. Price has also improved, with $BTC, $TOTAL, and $USDT.D reclaiming important 4h levels. But the daily time frame hasn’t confirmed those moves yet, and that matters far more, especially on FOMC day. Bottom line: The intraday picture has improved, but the underlying data still lacks real conviction. That leaves crypto vulnerable heading into today’s volatility. Smash the ❤️ if this helped.