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BlockBeats News, April 30th. Several Wall Street institutions expressed their forward-looking views on this Fed interest rate decision. Most investment banks expect the Fed to maintain the interest rate, with the market focusing on Fed Governor Milan's stance on future rate cuts. Among them, JPMorgan Chase expects the voting result to be 11:1, with Milan casting the sole dissenting vote in favor of a rate cut. Meanwhile, MUFG Bank believes Milan may abandon his previous rate cut stance. Goldman Sachs, Morgan Stanley, Natixis, and other institutions generally expect that this meeting, due to the non-disclosure of the Summary of Economic Projections (SEP) and the dot plot, will result in limited policy changes. The Fed may only acknowledge in its statement the improvement in employment and the rise in inflation, but the overall policy guidance is not expected to be significantly adjusted. Deutsche Bank, on the other hand, believes the Fed may remove the phrase "further rate adjustments" from its statement to leave room for future rate hikes. UBS Bank expects the statement to possibly strengthen the narrative of energy price-driven inflation and weaken forward-looking guidance. In addition, Danske Bank pointed out that if the Fed releases any dovish easing hints, it could lead to a retreat in US bond yields and a broad-based weakening of the US dollar.

Influenced by the Middle East situation, international gold and silver prices continued to decline on the 28th, while international oil prices rose significantly. The June gold futures price on the New York Mercantile Exchange once fell below $4,600 per ounce, with a drop of more than 2%; the May silver futures price once dropped below $73 per ounce, with a decrease of nearly 3%. As of the close on the 28th, the June delivery light crude oil futures price on the New York Mercantile Exchange rose by $3.56, settling at $99.93 per barrel, an increase of 3.69%; the June delivery Brent crude oil futures price in London rose by $3.03, closing at $111.26 per barrel, an increase of 2.80%. It has been over two months since the outbreak of the Iran conflict. Despite the temporary ceasefire agreement remaining in effect, peace talks between the United States and Iran have made little progress, leading to continued accumulation of market risk sentiment.

Prior to today's FOMC decision (2:00 PM ET), BTC traders increased leverage and showed a bearish tendency. Since yesterday's test of 79,000 US dollars, open interest has continued to rise, funding rates are mostly below neutral, there is a divergence between spot and futures CVD, and futures are driving selling pressure. (glassnode)