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Trump’s Crypto Surge: Bitcoin Futures Open Interest Skyrockets—Then Crashes Back to Reality
Trump’s Crypto Surge: Bitcoin Futures Open Interest Skyrockets—Then Crashes Back to Reality
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Bitcoin futures just rode the Trump hype train—and what a wild ride it was.
The Pump (Before the Dump)
Open interest spiked faster than a political promise after Trump’s pro-crypto comments hit the wires. Traders piled in like it was 2021 all over again.
The Cold Shower
Then reality bit back. Positions unwound quicker than a Wall Street banker’s morals when the SEC calls. Classic crypto volatility—or just another case of 'buy the rumor, sell the news'?
The Bottom Line
Another day, another overleveraged bet on political posturing. At least the brokers made their fees—some things never change in finance.
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