{"id":20841,"date":"2025-04-07T05:16:56","date_gmt":"2025-04-07T05:16:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20841"},"modified":"2025-04-07T05:16:56","modified_gmt":"2025-04-07T05:16:56","slug":"bitcoin-cme-futures-gap-lower-after-trump-says-there-wont-be-a-deal-with-china","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20841","title":{"rendered":"Bitcoin CME Futures Gap Lower After Trump Says ‘There Won’t Be a Deal With China’"},"content":{"rendered":"
\n

CME’s bitcoin futures, considered a proxy for institutional activity, gapped lower Monday in a sign of bearish sentiment after President Donald Trump ruled out<\/a> a trade deal with China.<\/p>\n

The futures contract due to expire on the last Friday of April began trading at $79,590, down 5.6% from Friday’s close of $84,250 and quickly descended to $76,800, CoinDesk data show.<\/p>\n

The losses came as Dow futures fell 900 points, Chinese stocks crashed, and the Japanese equity market slipped into lower circuit breakers as JPMorgan, S&P Global, and Goldman Sachs increased<\/a> the probability of the U.S. falling into recession this year.<\/p>\n

On Sunday, Trump told reporters on Air Force One\u00a0that he wanted to solve the trade deficit with China “and unless we solve that problem, I’m not going to make a deal.”<\/p>\n

Trump added that world leaders are dying to make a deal. Last week, the President announced sweeping tariffs on 180 nations, boosting the total levy on China to 54%. Since then, financial markets have wilted, which the President thinks is the necessary medicine to solve the problem.<\/p>\n

“I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump said.<\/p>\n

Open interest slides on CME<\/h2>\n

Open interest in the CME futures peaked in December at 281.57 BTC and has since declined to 140.5K, the lowest since August 2024, according to data source Coinglass<\/a>. <\/p>\n

It’s a sign of money leaving the digital assets space, perhaps in anticipation of a deeper price swoon.<\/p>\n

Meanwhile, global futures and perpetual futures open interest, excluding CME, has increased from roughly 400K BTC to 520 BTC in the past four weeks.<\/p>\n

An increase in open interest alongside a price drop is said to confirm the bearish trend, indicating that traders are building short positions in a falling market.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

CME’s bitcoin futures, considered a proxy for institutional activity, gapped lower Monday in a sign of bearish sentiment after President Donald Trump ruled out a trade deal with China. The futures contract due to expire on the last Friday of April began trading at $79,590, down 5.6% from Friday’s close of $84,250 and quickly descended […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20841","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20841"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20841\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}