Futures in the major cryptocurrency have fallen rapidly, indicating that traders are reducing positions amidst macroeconomic uncertainty.
Crypto traders have been long growing as long as uncertainty, as futures with an open interest with rapid decline between the concerns of the business war and the hard trend of the fed. In 1 March 4 posts On X, Singapore -based blockchain firm Matrixport revealed that bitcoin (BTC), atherium (eth), and solana (soul) futures have seen a huge decline in the open interest.
“In particular, the open interest of the atherium has returned to the levels last seen in summer 2024. Despite Trump’s recent tweet, a potential strategic bitcoin reserve and upcoming White House Crypto Summit on March 7, with the market risk-promotion, with cuttings, with cuttings.”
Marcus Thielen, independent analyst
The blockchain firm notes that many traders are waiting for clear indications before entering the market again, there is a significant concern with the policies of the fed.
Warning comes as US President Donald Trump Said 25% tariffs on goods from Mexico and Canada will be effective from March 4, intensifying trade tension and financial markets.
In late February, Matrixport analysts warned that the price of bitcoin could remain under pressure till April due to transferring a strong US dollar and market dynamics. With Bitcoin being excessively bound by traditional finance, analysts now expect the price of April until a recession. After improvement, bitcoin can try to bounce back to the previous heights, they add.
Matrixport also noted the growing role of Wall Street Investors. While wealth and asset managers see bitcoins as a long -term investment, hedge funds are using arbitration strategies to benefit from bitcoin volatility. According to the matrixport, these hedge funds “collectively organize $ 10 billion in bitcoin ETFs, and with a total flow of $ 39 billion, it suggests that at least 25% bitcoin ETF is associated with capital arbitration trades.”
