Matrixport: Bitcoin dominance continues to rise, and Altcoin are unlikely to emerge

Planet News: Matrixport released a chart today, stating that there is a noteworthy abnormal market trend: Bitcoin price has cumulatively risen by nearly 25%, with the open interest scale increasing from $2.2 billion to $2.9 billion, while the funding rate remains close to zero. This reflects that despite the price increase, some futures traders still choose to establish short positions rather than chase the rally. This rare market structure may indicate that the market is about to experience more significant volatility: if the price continues to rise, shorts may be forced to close positions, accelerating the upward momentum; if the price pulls back, it could reinforce the current short position layout. Regardless of how the trend evolves, the current market structure points to increased volatility in the future.