Viewpoint: The surge in Bitcoin open interest positions indicates investors' confidence in trade agreements and Powell

ChainCatcher news, according to CoinDesk, as the cryptocurrency rebound continues, the open interest in the Bitcoin perpetual futures market has also shown a more significant increase, indicating enhanced investor confidence, especially after the Trump administration has eased its aggressive stance on trade tariffs and anti-Federal Reserve rhetoric.

This round of rebound occurred after U.S. Treasury Secretary Scott Bessent discussed the easing of U.S.-China trade tensions, followed by President Trump stating that he would significantly reduce tariffs on Chinese goods from the current 245% to a much lower level. Trump also mentioned that he does not intend to remove Federal Reserve Chairman Powell from his position.