Matrixport: Contract data shows that traders may be closing positions for profit

BlockBeats News: On May 28th, according to Matrixport's latest report (analyst Markus Thielen from 10x Research), open futures contracts have surged since the April low. Despite Solana's retreat to second place due to the cooling of the meme coin and Pump.fun craze, there has been a significant increase in open contracts for Bitcoin. This surge may reflect a shift in market risk appetite, especially after Trump's recent reversal of tariff policies. Bitcoin continues to play a dual role of "risk appetite" and "safe haven", increasingly fitting into the narrative of "digital gold". However, the open interest contracts currently seem to be stabilizing, which may confirm our view that traders are starting to take profits and plan to re-enter at lower levels.