On December 30, Matrixport released today's chart stating that Bitcoin is currently digesting the recent surge over the past few weeks. During this time, the open interest in futures skyrocketed from $18 billion in October to $29 billion, an increase of 50%. Meanwhile, the Bitcoin funding rate surged from over 10% to a peak of over 80%. Historical data shows that after such rapid positioning, there is usually a brief consolidation period, after which the bull market may continue. This pattern may reoccur, especially during the Christmas holiday when trading volumes are generally lower. Traders are now turning their attention to the new year, wondering if there will be new capital inflows to drive prices up and reignite the upward trend.