Matrixport: BTC Open Interest Surges $6B, Retail Drives the Rally


๐Ÿš€ Over the past 2 weeks, Bitcoin open interest soared $6 billion, while annualized funding rates spiked to 19% โ€” a sign of aggressive leveraged long positions.


๐Ÿ‡ฐ๐Ÿ‡ท Korean retail traders are leading the charge, with trading volume exploding from $1B โ†’ $6B.


โš ๏ธ 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


๐ŸŒ„ Still, bullish catalysts are building โ€” setting the stage for a potential Q3 breakout.


#Bitcoin #BTC