New crypto analysis from Matrixport: "Pay attention to the short term..."

Matrixport, founded by Bitmain's co-founder Jihan Wu, stated in its latest analysis that cryptocurrency investors should be cautious in the short term. The company's analysts specifically highlighted the increases in open positions and funding rates in Bitcoin futures.

Liquidation and excessive optimism…

In fact, an increase in open positions is generally seen as a positive sign by experts, but if new money is entering the market independently of prices along with leveraged transactions, this is considered a risk. Analysts are highlighting the risks of liquidation and excessive optimism. High funding rates are also seen as an indication that investors are opening more long positions. Analysts noting that the funding rate has risen to 19% stated, "This situation may be unsustainable."

The report also stated that the value of open positions in Bitcoin has exceeded 6 billion dollars in the last 2 weeks.

"The rise may start again after the FOMC period"

Matrixport highlights these risks in the short term, predicting that the market could turn upward again, especially in September, after next week's FOMC meeting:

"Due to increasing leverage and the low liquidity of the summer season, volatility and liquidations may be observed in the market. However, we believe that after the July FOMC meeting, especially with the elimination of uncertainty, the upward trends will return along with September."

Markets do not expect an interest rate cut from next week's FOMC meeting.

Published: July 23, 2025 12:17 Last Update: July 23, 2025 12:24