According to Odaily, Matrixport's recent analysis indicates that Bitcoin's funding rate has returned to near-zero levels, highlighting that futures traders are not heavily leveraged in their long positions. This low funding rate presents a potential opportunity for traders to increase their long positions, which could drive Bitcoin prices higher.

However, the data also suggests that the recent rally was likely fueled by spot buying rather than over-leveraged futures positions. Spot buying is typically more strategic and long-term in nature, which supports a healthier market outlook.

Overall, Matrixport sees this as a positive indicator, suggesting that the market remains stable and not over-leveraged, leaving room for potential future growth.