Matrixport has observed a stabilization in open positions as some traders opt to cash in their profits and await more favorable market conditions. The firm noted a significant rebound in futures open interest since April, with a shift in focus back to mainstream assets like Bitcoin. This trend follows a cooling in the Meme Coin and Pump.fun craze, alongside a decline in Solana's market enthusiasm. The rise in Bitcoin's open interest suggests renewed investor interest, bolstered by improved market sentiment after recent tariff adjustments by Trump. Bitcoin's dual role as a risk asset and digital gold is becoming more pronounced in the current market climate.