Bitcoin Open Interest Rises 9% Amid Optimism Over U.S.-China Trade Talks

Bitcoin's price has surged, influenced by optimism over a potential U.S.-China trade agreement and the Trump administration's softer tariff stance.

Key developments include:

Open interest in Bitcoin perpetual futures increased by 9%, showing investor confidence.
Total open interest across major exchanges rose to 715,710 BTC, valued at $66.98 billion, an 8.54% increase.
Notional open interest in BTC perpetual futures climbed 10% to $17.83 billion, marking the largest single-day increase since March 2.
CME holds the largest share of futures at 144,950 BTC ($13.55 billion), followed by Binance with 119,480 BTC ($11.18 billion) and OKX with 44,530 BTC ($4.17 billion).
Gate.io saw the highest 24-hour rise, up $8.27 billion to 88,490 BTC.
Bitunix faced a 2.40% drop to 46,830 BTC.
24-hour trading volume reached $328.18 billion, with funding rates for Bitcoin and Ethereum ranging from 5% to 10% annualized.
U.S. spot BTC ETFs recorded a net inflow of $936.4 million on April 22, driven by Ark 21Shares ARKB's $267.1 million contribution.
Comments from U.S. Treasury Secretary Scott Bessent indicated progress in reducing trade tensions with China.
President Trump confirmed tariffs on Chinese imports would be significantly reduced.
Bitcoin's price reached $93,740.88, a 5.83% increase in 24 hours, pushing its market cap to $1.86 trillion.
Trading volume surged by $59.4 billion, reflecting a 61.18% increase.