🔎 Matrixport has published its daily chart, noting that Bitcoin is currently digesting the rally of the last few weeks.

• During this time, the volume of open futures contracts has grown from $18B in October to $29B, an increase of 50%. At the same time, Bitcoin's funding rate has increased from over 10% to over 80%.

• Historical data shows that such a rapid accumulation is usually followed by a short period of consolidation, which can lead to a continuation of the bull market.

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