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Open interest in Bitcoin futures jumped by more than a billion dollars after the US Federal Reserve released dovish minutes from its August 21 meeting. In the 12 hours after the Fed released minutes from its July meeting, traders added more than a billion dollars to open interest (OI) in Bitcoin futures. Some experts believe that this confirms the likelihood of a rate cut in September. On August 22, open interest in Bitcoin futures reached $31.92 billion, an increase of $1.26 billion compared to the previous 12 hours.

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