- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Matrixport: Retail Leveraging Surges Ahead of FOMC, Key Catalyst Could Play Out After Summer
BlockBeats News, July 23rd, Matrixport released today's market analysis stating, "Over the past two weeks, the open interest of Bitcoin futures contracts has increased significantly by $6 billion, with the annualized funding rate soaring to 19%, indicating the presence of a large number of aggressive leveraged long positions in the market. At the same time, South Korean retail traders' activity has significantly increased, with cryptocurrency trading volume jumping from $10 billion to $60 billion, reflecting the dominant role of retail funds in this round of the market."
However, as the price enters a consolidation phase, these high-leverage long positions may face forced liquidation risks, especially after next week's FOMC meeting, as the market enters a relatively quiet August trading period.
Despite short-term volatility, multiple key positives are accumulating for a post-summer surge, and the overall upward trend in the crypto market is still not over."
You may also like
Gainers
Latest Crypto News
Ethereum ICO Whale with 254,900 Tokens Nearing Liquidation, Deposited 23,000 ETH to CEX in the Past Week
The Central Bank of Russia has confirmed that it may relax cryptocurrency regulation rules.
OECD: Expects the Federal Reserve to "gradually" lower the key interest rate to 3.25% to 3.5%
Asset Management Giant Tidal Investments Acquires Approximately $60 Million in Strategy Stock
A certain whale with a significant BTC short position is planning to long at around $67,000, with the shorts currently showing a profit of $26.83 million.
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App