TechFlow news, on March 4, according to a Matrixport report, the crypto market is entering a risk-off mode, with futures open interest significantly declining as prices fall.
Data shows that Ethereum's open interest has dropped to its lowest level since the summer of 2024. Although Trump recently mentioned on social media the possibility of establishing a Bitcoin strategic reserve, and the White House crypto summit is scheduled for March 7, overall market sentiment remains in risk-off mode amid uncertainties over escalating trade wars and the Federal Reserve's continued hawkish stance, prompting investors to reduce their risk exposure.
Analysis indicates that many traders are unwinding their long positions and appear to be waiting for clearer macroeconomic signals before reestablishing long positions.
