Crypto traders are reducing their positions in Bitcoin, Ethereum, and Solana futures as macroeconomic uncertainty and trade war worries increase. There has been a significant drop in open interest for these cryptocurrencies, with Ethereum's open interest dropping back to levels last seen in 2024. Traders are waiting for clearer signals before re-entering the market, and the Federal Reserve's policies are a major concern. The recent announcement of 25% tariffs on goods from Mexico and Canada by U.S. President Donald Trump has further intensified trade tensions. Matrixport analysts predict that Bitcoin's price could stay under pressure until April, but a potential bounce back to previous highs could occur afterwards. The role of Wall Street investors is also growing, with hedge funds using arbitrage strategies to profit from Bitcoin's volatility.



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