Matrixport: Bitcoin market structure is evolving, with long-term funds gradually becoming the dominant driving force

CoinRank News: Matrixport released todays chart, saying that Bitcoin market is reappearing historical trends, with prices approaching new highs and open interest rising to a historical high of $34 billion. However, the funding rate is still close to zero. This shows that this round of trend is driven by spot buying, not leveraged contracts. The low funding rate means that the market speculation bubble is limited and the risk of a sharp correction caused by leverage is low. As a result, volatility remains low in this cycle, and there is little possibility of large fluctuations in the short term. The structure of the Bitcoin market is evolving, with long-term funds gradually replacing short-term speculation and becoming the dominant driving force.