Bitcoin bulls have been actively opening margin long positions from $94,400 as they await the Federal Open Market Committee (FOMC) meeting on May 7. The market shows sustained buying interest with a $189 million increase in Bitcoin futures open interest and a 15% rise in trading volume. BTC momentum typically slows down before FOMC meetings and then becomes volatile afterward, a pattern that could repeat after this week’s Federal Reserve statements. Axel Adler Jr., a Bitcoin analyst, highlighted the bullish cluster of long positions forming around $94,400 in the futures market, similar to what was observed at the end of April that drove BTC prices to $97,500. Bitcoin futures open interest surged by 2,000 BTC, approximately $189 million, in a short period, indicating consistent buying pressure despite price fluctuations. The aggregated funding rate remains neutral, suggesting a balance between longs and shorts, with occasional spikes indicating optimism among leveraged traders. Michaël van de Poppe, founder of MN Capital, predicts a continued upward trend for Bitcoin, depending on Gold’s correction post-FOMC. Swissblock, an investment management firm, noted a historical trend of Bitcoin’s momentum slowing before interest rate decisions, followed by increased price volatility, emphasizing the potential impact of the FOMC meeting on Bitcoin’s next move. The firm’s analysis shows Bitcoin’s 25-day rate of change (ROC) trend from October 2024 to May 2025, indicating a possible price gain for Bitcoin in May 2025. The FOMC meeting and Federal Reserve Chair Jerome Powell’s statements could trigger market volatility. This article provides insights into Bitcoin’s current market conditions and potential future price movements, emphasizing the importance of conducting individual research before making investment decisions.