The Bitcoin market has recently experienced a surge, with open interest in futures soaring from $18 billion in October to $29 billion, an increase of 50%. At the same time, the funding rate has risen from over 10% to peak at over 80%. 📈

Historical data shows that after such rapid positioning, the market usually enters a brief consolidation period, after which a bull market may continue. 📊

With the Christmas holidays approaching, trading volume may decrease, and market participants will focus on the capital inflows in the new year to assess whether there will be a new rally. 🎄

Investors are staying on the sidelines, hoping the market can become active again in the new year. 🔍