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Analysis: The current open contracts of Bitcoin seem to be stabilizing, and some traders may be taking profits to get on board again during the pullback.

DailyNews

2025-05-28 07:06:08

BTC0,48%

PANews May 28th news, according to Matrixport analysis, Bitcoin’s open interest has significantly risen 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 rise may reflect a market shift towards higher risk appetite, especially after Trump’s recent adjustments to tariff policies, with Bitcoin continuing to possess the dual attributes of both a risk asset and a safe-haven asset, increasingly seen as “digital gold.” However, the current open contracts seem to be stabilizing, indicating that some traders may be taking profits and planning to re-enter the market when prices pull back.

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