Opinion: Surge in Bitcoin Open Interest Signals Investor Confidence in Trade Deal and Powell

As the cryptocurrency rally continues, there has been a noticeable increase in open interest in the Bitcoin perpetual futures market, indicating heightened investor confidence, especially after the Trump administration eased its aggressive stance on trade tariffs and anti-Fed rhetoric. This rally occurred after U.S. Treasury Secretary Scott Bessent discussed easing U.S.-China trade tensions, followed by President Trump's announcement of a significant reduction in tariffs on Chinese goods from the current 245% to a substantial level. Trump also stated that he does not intend to remove Federal Reserve Chairman Powell from his position. (CoinDesk)