Data: Derivatives Market Signals Major Move Approaching

According to ChainCatcher, the latest weekly report from Matrix on Target shows that Bitcoin is approaching the key technical level of $110,000, with multiple on-chain indicators and derivatives data suggesting that a new round of major market movement may be imminent.

The report points out that the funding costs, leverage ratios, and trading volumes of Bitcoin, Ethereum, and SOL are sending signals that are inconsistent with price trends. Currently, Bitcoin's price is at the converging point of a symmetrical triangle, a pattern that has historically often triggered rapid breakouts. Notably, the market's capital structure is undergoing changes, and the "digital asset treasury" narrative is gradually fading. Given the current high-leverage environment, this year's volatility may erupt earlier than in previous years, and market participants should be alert to structural risks.