📊 Bitcoin Consolidation: Post-Rally Pause or Pre-Bull Setup?
🚀 Key Metrics:
Open interest in BTC futures jumped 50% since October ($18B ➡️ $29B).
Funding rates soared from 10%+ to 80%+.
🔍 What’s Happening:
1️⃣ Healthy Consolidation: High funding rates signal short-term overheating. A cooling-off phase is typical before the next leg up in a bull market.
2️⃣ Holiday Impact: Lower trading volumes during the holidays have reduced volatility but support market stabilization.
3️⃣ 2025 Outlook: Fresh capital inflows, especially from institutions, could fuel growth post-holidays. A stable macro backdrop adds to Bitcoin's hedge appeal.
Is Bitcoin gearing up for its next breakout? 💹
