The future of Bitcoin de CME, considered an indicator of the institutional activity, obtained the lowest Monday in a sign of bassist feeling after President Donald Trump issued a commercial agreement with China.
The futures contract that must expire on the last Friday of April began to quote $ 79,590, 5.6% less than Friday’s closure of $ 84,250 and quickly descended to $ 76,800, as shown in Coindesk’s data.
The losses occurred when Dow Futures fell 900 points, the Chinese actions crashed and the Japanese shares market slid to the lower circuit switches as JPMorgan, S&P Global and Goldman Sachs increased the probability that the United States would fall into the recession this year.
On Sunday, Trump told journalists on Air Force One that he wanted to resolve the commercial deficit with China “and unless we solve that problem, I will not reach an agreement.”
Trump added that world leaders are dying to make a deal. Last week, the president announced radical tariffs in 180 nations, which increases the total tax in China to 54%. Since then, the financial markets have wither, what the president believes that it is the medication necessary to solve the problem.
“I don’t want anything to fall, but sometimes you have to take medications to fix something,” Trump said.
Open interest slides in CME
The open interest in CME futures reached its maximum point in December in 281.57 BTC and since then has decreased to 140.5K, the lowest since August 2024, according to data source counts.
It is a money sign that leaves the space of digital assets, perhaps in advance of a deeper fainting.
Meanwhile, global future and future perpetual open, excluding CME, has increased from approximately 400k BTC to 520 BTC in the last four weeks.
It is said that an increase in open interest along with a price drop confirms the bearish trend, indicating that merchants are building short positions in a falling market.
