{"id":867446,"date":"2025-08-23T21:13:09","date_gmt":"2025-08-24T02:13:09","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/23\/fed-chair-powell-sparks-300m-surge-in-binance-bitcoin-futures-as-traders-bet-on-sep-rate-cut\/"},"modified":"2025-08-23T21:13:09","modified_gmt":"2025-08-24T02:13:09","slug":"fed-chair-powell-sparks-300m-surge-in-binance-bitcoin-futures-as-traders-bet-on-sep-rate-cut","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/23\/fed-chair-powell-sparks-300m-surge-in-binance-bitcoin-futures-as-traders-bet-on-sep-rate-cut\/","title":{"rendered":"Fed Chair Powell Sparks $300M Surge in Binance Bitcoin Futures as Traders Bet on Sep Rate Cut"},"content":{"rendered":"
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\"bitcoin-swift<\/figure>\n<\/div>\n
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A few minutes after Fed Chair Jerome Powell hinted at a possible rate cut during his speech at Jackson Hole, Binance futures experienced a sharp uptick. According to market data analysis from CryptoQuant, Binance futures products recorded a $300 million upsurge in 15 minutes after the Fed Chair\u2019s speech.<\/p>\n

As a result, Binance\u2019s BTC Open Interest (OI) jumped<\/a> to around $13.3 billion. Meanwhile, the total crypto OI surged by 8.5 percent to about $215 billion.<\/p>\n

\"BTC<\/figure>\n

The sudden market shift also resulted in more than $656 million of crypto derivatives liquidated in the past 24 hours<\/p>\n

Bitcoin Price Rebounds on Possible Fed Rate Cuts in 2025<\/h2>\n

Bitcoin price regained bullish sentiment following Fed Chair Powell\u2019s remarks<\/a> at the Jackson Hole conference. President Donald Trump welcomed the Fed rate cut goodwill but highlighted it ought to have happened a year ago.<\/p>\n

\u201cWith policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,\u201d Fed Chair Powell stated.<\/p>\n

The flagship coin rallied over 4 percent on Friday to trade above $117k during the mid North American session. The wider altcoin industry followed in tandem, led by Ethereum (ETH<\/a>), thus pushing the total crypto market towards $4.12 trillion.\u00a0<\/p>\n

Meanwhile, Kalshi traders <\/a>increased their bets on a potential 25 bps Fed rate cut in September to 79 percent and reduced their stake on possible the Fed maintaining its rate between 4.25% and 4.5% to 18 percent.<\/p>\n

\"Kalshi<\/figure>\n

What\u2019s Next?<\/h2>\n

With the renewed demand for Bitcoin by whale investors, a fresh bull market is likely in the coming weeks. However, Bitcoin price must consistently close above $120k to invalidate the midterm bearish sentiment towards $108k.<\/p>\n<\/div>\n

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\n Steve Muchoki<\/p>\n","protected":false},"excerpt":{"rendered":"

A few minutes after Fed Chair Jerome Powell hinted at a possible rate cut during his speech at Jackson Hole, Binance futures experienced a sharp uptick. According to market data analysis from CryptoQuant, Binance futures products recorded a $300 million upsurge in 15 minutes after the Fed Chair\u2019s speech. As a result, Binance\u2019s BTC Open<\/p>\n","protected":false},"author":1,"featured_media":867447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31563,3103],"tags":[],"class_list":{"0":"post-867446","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chair","8":"category-powell"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=867446"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/867447"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=867446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=867446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=867446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}