Will The Fed’s Chief Testimony To The Senate Impact The Bitcoin Price Significantly Should You Buy The Dip?

Should you buy the dip? These are questions that’s running through the minds of traders and investors as we await the proceedings from the Fed’s chief tomorrow, a crypto analyst is giving he’s one view on which opportunity the market presents and its observed that new money is following into the features market.

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The analyst which goes by the name MacroCRG says that the Open Interest of bitcoin has risen significantly by a $100 million which was said to have followed in, he further explains that in a tweet that the increasing interest inflow suggests new money coming into Bitcoin while the reverse is the case when we experience a decrease in inflow.

In a tweet which is said that $BTC open interest on the rise today - $100mm+ added as price goes nowhere
If we get a move down early in the week - looking for longs after the long liqs is a solid plan IMO. He made mention of the investors whom are holding long positions on the king crypto that if the proceeding tomorrow doesn’t go has planned we might possibly experience dip in market prices giving the traders and investors a buy in opportunity into the bitcoin market.

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