Matrixport: Retail investor leverage skyrockets ahead of the FOMC, key favourable information may emerge by the end of summer.

BlockBeats news, on July 23, Matrixport released today's market analysis stating that "In the past two weeks, Bitcoin's open interest has surged by $6 billion, and the annualized funding rate has skyrocketed to 19%, indicating a large number of aggressive leveraged long positions in the market. Meanwhile, the trading activity of retail investors in South Korea has significantly increased, with crypto market volume jumping from $1 billion to $6 billion, reflecting the dominant role of retail money in this round of market movement. However, as prices enter a sideways phase, these high-leverage long positions may face the risk of passive Close Position, especially after next week's FOMC meeting, as the market will enter a relatively quiet trading period in August. Although there may be short-term fluctuation pressure, several key favourable information are building momentum for after the summer, and the overall rise trend of the crypto market is not over yet."