PANews reported on March 4 that Matrixport said that the crypto market is currently in a risk-averse mode, and many futures long positions have been lifted due to macroeconomic uncertainty. As prices fell, futures open interest fell sharply, indicating that the escalation of the trade war and the continued hawkish stance of the Federal Reserve have caused some traders to choose to exit long positions.

It is worth noting that Ethereum's open interest has fallen to its lowest level since the summer of 2024. Although Trump recently mentioned on Twitter that a "Bitcoin strategic reserve" may be established and the White House Crypto Summit will be held on March 7, the market as a whole still shows risk aversion, and investors generally cut their risk exposure. Many traders seem to be waiting for clearer macroeconomic signals before re-entering the market.