PANews reported on December 30 that according to Matrixport data, Bitcoin is currently digesting the surge in the past few weeks, with its open interest increasing from $18 billion in October to $29 billion, a 50% increase. At the same time, Bitcoin's funding rate also soared from 10% to a high of 80%. Historical data shows that this rapid position building is usually followed by a short period of consolidation, and the bull market may continue.
Analysts believe that this pattern may reappear, especially when market trading is light during the Christmas holidays. Investors are looking forward to the new year, expecting new capital inflows to drive Bitcoin prices further up.
