Matrixport: The Bitcoin funding rate continues to decline, the price may briefly fall before hitting a new high

According to graphics and text published by Matrixport on platform X, the Bitcoin funding rate continues to decline, reflecting a weakening of optimistic sentiment in the market. Although there has been a correlation between funding rates and open interest in the past, current open interest remains at a high level, which could lead to a brief price drop followed by new historical highs.