Matrixport: Retail leverage surges ahead of FOMC, key positive news may not be apparent in summer

BlockBeats news, on July 23rd, Matrixport released today's market analysis stating that "in the past two weeks, Bitcoin open interest contracts have significantly increased by $6 billion, and annualized funding rates have soared to 19%, indicating a large number of aggressive leveraged long positions in the market. At the same time, the trading activity of Korean retail investors has significantly increased, with cryptocurrency trading volume jumping from $1 billion to $6 billion, reflecting the dominant role of retail funds in this round of market. However, as prices enter a sideways phase, these highly leveraged long positions may face passive liquidation risks, especially after next week's FOMC meeting, when the market will enter a relatively light August trading period. Despite short-term volatility pressures, multiple key positive factors are accumulating momentum for the post summer period, and the overall upward trend in the cryptocurrency market is still ongoing