BlockBeats News, May 28th, according to a Matrixport report (analyzed by Markus Thielen from 10x Research) released, it shows that since the April low, open interest in futures contracts has sharply increased. Although Solana has fallen to second place due to the meme coin and Pump.fun craze waning, Bitcoin's open interest has seen a significant growth.
This surge may reflect a shift in market risk appetite, especially after Trump's recent tariff policy reversal. Bitcoin continues to play a dual role of "risk appetite" and "safe haven," increasingly fitting into the narrative of "digital gold."
However, open interest in futures contracts currently seems to be stabilizing, which may confirm our view that traders are starting to take profits and plan to re-enter at lower levels.
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