Matrixport: BTC rebound faces resistance from bears, market volatility may intensify

ChainCatcher message, Matrixport released today's chart analysis stating, "The market trend has shown a noteworthy anomaly: Bitcoin's price has increased by nearly 25%, while the open interest has risen from $22 billion to $29 billion, yet the funding rate remains close to zero. This reflects that, despite the price increase, some futures traders still choose to establish short positions rather than chase the rally.

This rare market structure may indicate that the market is about to experience greater volatility: if the price continues to rise, shorts may be forced to cover, accelerating the upward trend; if the price corrects, it may reinforce the current short position layout. Regardless of how the trend evolves, the current market structure points to an increase in future volatility."