{"id":23336,"date":"2025-04-23T15:37:53","date_gmt":"2025-04-23T12:37:53","guid":{"rendered":"https:\/\/forklog.com\/en\/trumps-shift-in-rhetoric-spurs-enthusiasm-in-crypto-derivatives-market\/"},"modified":"2025-04-23T15:37:53","modified_gmt":"2025-04-23T12:37:53","slug":"trumps-shift-in-rhetoric-spurs-enthusiasm-in-crypto-derivatives-market","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trumps-shift-in-rhetoric-spurs-enthusiasm-in-crypto-derivatives-market\/","title":{"rendered":"Trump&#8217;s Shift in Rhetoric Spurs Enthusiasm in Crypto Derivatives Market"},"content":{"rendered":"<p>The current <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surpasses-94000-amid-conciliatory-signals-from-us-president\">rise of Bitcoin to $94,000<\/a>, following conciliatory comments by U.S. President Donald Trump regarding tariffs and the head of the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Fed<\/span>, was accompanied by an increase in funding rates and open interest (OI) on perpetual contracts.<\/p>\n<p>According to Velo, the total volume of open positions soared by 10% to $17.83 billion.<\/p>\n<p>The pace was the highest since March 2, when Trump mentioned XRP, ADA, and SOL as potential candidates<a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surges-to-95000-following-trumps-remarks-on-altcoin-inclusion-in-crypto-reserve\"> for inclusion in the crypto reserve<\/a> alongside Bitcoin and Ethereum.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1533.webp\" alt=\"1-1533\" class=\"wp-image-257374\"\/><figcaption class=\"wp-element-caption\">Data: Velo, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/23\/bitcoin-futures-open-interest-surge-shows-investor-confidence-on-trade-deals-powell\">CoinDesk<\/a>.<\/figcaption><\/figure>\n<p>There was a sharp exit of funding rates from negative to positive territory, facilitated by a<a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surpasses-94000-amid-conciliatory-signals-from-us-president\"> wave of liquidations<\/a> of positions, most of which were shorts.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-608.webp\" alt=\"3-608\" class=\"wp-image-257378\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coinglass.com\/currencies\/BTC\">Coinglass<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Ethereum<\/strong><\/h2>\n<p>The chart for the second-largest cryptocurrency by market capitalization showed similar trends. OI jumped by ~16% to $6.60 billion, the largest increase since November 27.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1084.webp\" alt=\"2-1084\" class=\"wp-image-257380\"\/><figcaption class=\"wp-element-caption\">Data: Velo, CoinDesk.<\/figcaption><\/figure>\n<p>Bitcoin<a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-ascent-tied-to-federal-reserve-independence-concerns-says-standard-chartered\"> is expected to continue appreciating<\/a> if threats to the Fed&#8217;s independence persist, according to Standard Chartered.<\/p>\n<p>Previously, BitMEX co-founder Arthur Hayes<a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-hints-at-bitcoin-rising-above-100000\"> predicted<\/a> that the price of digital gold would rise above $100,000 due to the U.S. Treasury&#8217;s buyback of government bonds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current rise of Bitcoin to $94,000, following conciliatory comments by U.S. President Donald Trump regarding tariffs and the head of the Fed, was accompanied by an increase in funding rates and open interest (OI) on perpetual contracts. According to Velo, the total volume of open positions soared by 10% to $17.83 billion. The pace [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1224,1145],"class_list":["post-23336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-macroeconomics","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23336"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23335"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}