Matrixport: Contract data shows that traders may be closing positions to take profits.

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BlockBeats News: On May 28, according to the latest report released by Matrixport (analyst Markus Thielen of 10x Research), futures open interest has climbed sharply since the April low. While Solana took a back seat as the meme coin and Pump.fun craze cooled, open interest in Bitcoin saw a significant increase. The surge is likely to reflect a shift in market risk appetite, especially in the wake of Trump's recent reversal of tariffs. Bitcoin continues to play the dual role of "risk appetite" and "risk aversion", and is increasingly in line with the narrative of "digital gold". However, open interest seems to be leveling off for now, which may confirm our view that traders are starting to take profits and plan to re-enter at lower levels.

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