Analysis: Bitcoin's Open Interest Appears to Stabilize, Some Traders May Be Taking Profits to Re-enter on Pullbacks
According to Matrixport analysis, Bitcoin's open interest has grown significantly since the low point in April, while Solana has relatively weakened due to the cooling of the meme coin and Pump.fun craze. The analysis suggests that this growth may reflect a shift in the market towards higher risk appetite, especially after Trump's recent tariff policy adjustments, with Bitcoin continuing to possess the dual attributes of a risk asset and a safe-haven asset, increasingly being regarded as "digital gold".
However, the current open interest seems to be stabilizing, indicating that some traders may be taking profits and planning to re-enter when prices pull back.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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