Matrixport: BTC Open Interest Surges $6B, Retail Drives the Rally
🚀 Over the past 2 weeks, Bitcoin open interest soared $6 billion, while annualized funding rates spiked to 19% — a sign of aggressive leveraged long positions.
🇰🇷 Korean retail traders are leading the charge, with trading volume exploding from $1B → $6B.
⚠️ Analysts caution:
Market is now in a sideways phase
Overleveraged longs face liquidation risk, especially post-FOMC next week
August is historically a low-activity month
🌄 Still, bullish catalysts are building — setting the stage for a potential Q3 breakout.
#Bitcoin #BTC