Bitcoin Price Approaches New High as Market Trends Shift Towards Long-Term Capital Investment

In a recent analysis by Matrixport, significant trends in the Bitcoin market have been unveiled. The report indicates that Bitcoin’s price trajectory is aligning with historical patterns, approaching a potential new peak. Notably, **open interest** has surged to an all-time high of **$34 billion**. Despite this growth, the **funding rate** remains near zero, suggesting that current price movements are primarily fueled by **spot buying** rather than speculative leverage trades. This subdued funding rate points to a **reduced risk** of an overheated market, minimizing the chances of a sharp downturn caused by over-leverage. As observed, market volatility is low in this cycle, reflecting a shift where **long-term capital** is progressively taking the reins from short-term speculative trades. This evolving Bitcoin market structure signals a more stable environment, attracting cautious investors who prefer sustainability over rapid fluctuations.