Matrixport: The structure of the Bitcoin market is evolving, with long-term capital gradually becoming the dominant driving force.

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Odaily News Matrixport released today's chart stating that Bitcoin's market is showing historical trends again, with prices approaching new highs, and the open interest has also risen to a historical high of $34 billion. However, the funding rate remains close to zero, indicating that this trend is driven by spot buying rather than leveraged contracts. The low funding rate indicates that the market speculative bubble is limited, and the risk of sharp corrections caused by leverage is relatively low. As a result, volatility has remained low in this cycle, and the likelihood of significant fluctuations in the short term is not high. The market structure of Bitcoin is evolving, with long-term funds gradually replacing short-term speculation as the dominant driving force.

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