Crypto traders unwind long positions amid trade war uncertainty, analysts warn
Futures open interest in key cryptocurrencies has fallen sharply, indicating traders are reducing positions amid macroeconomic uncertainty.
Crypto traders are scaling back long positions as uncertainty builds, with futures open interest dropping sharply amid trade war worries and the Fed’s tough stance. In a March 4 post on X, Singapore-based blockchain firm Matrixport revealed that Bitcoin Bitcoin
-8.75%
Bitcoin, Ethereum Ethereum
-10.99%
Ethereum, and Solana Solana
-14.39%
Solana futures have seen a huge drop in open interest.
Crypto traders unwind long positions amid trade war uncertainty, analysts warn
