Analysis: Bitcoin's currently open contracts seem to be stabilizing, and some traders may be taking profits to re-enter the market during a pullback

PANews
PANews|May 28, 2025 07:06
According to Matrixport's analysis, Bitcoin's open interest contracts have significantly increased since the April low, while Solana has relatively weakened due to the cooling of the meme coin and Pump.fun craze. Analysis suggests that this wave of growth may reflect a shift in the market towards higher risk appetite, especially after Trump's recent tariff policy adjustments, Bitcoin continues to possess dual attributes of a risky asset and a safe haven asset, and is increasingly regarded as "digital gold". However, the current open interest contracts seem to be stabilizing, indicating that some traders may be taking profits and planning to re-enter the market in the event of a price correction.
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