Matrixport Warns of Short-Term Crypto Volatility Amid $6B BTC Leverage Surge, But Bull Trend Intact

Key Highlights:Bitcoin open interest surged $6 billion in two weeks, funding rate hit 19% annualizedRetail-driven rally in South Korea pushed daily crypto volumes from $1B to $6BHigh leverage and summer seasonality may trigger volatility and liquidationsBullish momentum expected to resume after August, post-FOMC clarityMatrixport has warned that the crypto market may face short-term volatility as rising leverage and summer seasonality pressure the current rally. In its latest update, Matrixport noted that Bitcoin open interest surged by $6 billion over the past two weeks, accompanied by an annualized funding rate spike to 19%, signaling a wave of aggressive leveraged long positions. The firm also highlighted South Korea’s sharp increase in retail activity, with cryptocurrency trading volume jumping from $1 billion to $6 billion, further fueling speculative momentum. However, as prices enter a consolidation or sideways trading phase, Matrixport cautioned that overleveraged positions may face passive liquidation risk, especially around the upcoming FOMC meeting source: https://www.binance.com/en/square/post/27324463057801?utm_source=BinanceNewsRSS