Matrixport: Retail Leveraging Surges Ahead of FOMC, Key Catalyst Could Play Out After Summer
BlockBeats News, July 23rd, Matrixport released today's market analysis stating, "Over the past two weeks, the open interest of Bitcoin futures contracts has increased significantly by $6 billion, with the annualized funding rate soaring to 19%, indicating the presence of a large number of aggressive leveraged long positions in the market. At the same time, South Korean retail traders' activity has significantly increased, with cryptocurrency trading volume jumping from $10 billion to $60 billion, reflecting the dominant role of retail funds in this round of the market."
However, as the price enters a consolidation phase, these high-leverage long positions may face forced liquidation risks, especially after next week's FOMC meeting, as the market enters a relatively quiet August trading period.
Despite short-term volatility, multiple key positives are accumulating for a post-summer surge, and the overall upward trend in the crypto market is still not over."
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