Matrixport's latest data shows that Bitcoin is currently in a digestion phase. Over the past few weeks, the open interest in futures surged from $18 billion in October to $29 billion, an increase of 50%. Meanwhile, the funding rate for Bitcoin skyrocketed from over 10% to a peak of over 80%. Historical experience indicates that a brief consolidation period usually follows rapid positioning, after which a bull market may continue. Especially during the quiet trading volume of the Christmas holiday, this pattern may reappear. Traders are focused on the potential inflow of funds in the new year, hoping to drive prices higher and reignite the market's upward momentum.