🔥 In just a few minutes, Binance's BTC futures price surged by 300 million dollars!
During a speech at Jackson Hole, Federal Reserve Chairman Powell made a key statement that drove the market significantly higher in a matter of minutes.
He stated: "Given the restrictive policy environment, changes in the fundamental outlook and risk balance may require adjustments to our policy stance," implying that the Federal Reserve may ease monetary policy.
This statement immediately triggered a surge in liquidity for Binance futures products.
💥 In just 15 minutes, approximately 300 million dollars flowed into derivatives, pushing Binance's BTC open interest to about 13.3 billion dollars.
This highlights the powerful impact of announcements on the market, capable of triggering market volatility in an instant.