Matrixport Analysis: Bitcoin's rise encounters resistance, market fluctuations may increase

According to Gate.io News bot, the latest chart analysis from Matrixport shows an abnormal market trend: although the price of Bitcoin has risen nearly 25%, the size of open contracts has increased from $22 billion to $29 billion, but the funding rate remains close to zero. This indicates that even during the price rise, some futures traders are still continuously building short positions instead of following the upward trend.

Matrixport points out that this rare market structure indicates the possibility of greater volatility: if prices continue to rise, short positions may be forced to close, accelerating the upward momentum; if prices adjust, existing short positions may be reinforced. Regardless of how the market develops, the current structure suggests that future volatility will increase.