Odaily News Matrixport released today's chart, saying that the market trend has shown an abnormal phenomenon worthy of attention: the price of Bitcoin has risen by nearly 25%, and the size of open contracts has increased from US$22 billion to US$29 billion, but the funding rate remains close to zero. This reflects that despite the price increase, some futures traders still choose to establish short positions instead of chasing the rise.
This rare market structure may mean that the market is about to usher in greater volatility: if prices continue to rise, shorts may be forced to close their positions, accelerating the rise; if prices fall back, the current short position layout may be strengthened. Regardless of how the trend evolves, the current market structure points to increased volatility in the future.