Matrixport: Bitcoin's core metrics such as skewness, unpositioned squaring contracts and volatility are undergoing structural changes

Matrixport released a daily chart analysis saying that the financing costs, leverage and volume of Bitcoin, Ethereum and SOL are sending signals that are inconsistent with price movements. On the one hand, it shows that the market structure is still fragile, and on the other hand, it also hints at potential trading opportunities. At present, multiple on-chain key levels and derivatives indicators are converging to the threshold area that has often caused sharp fluctuations in history, and the market may be close to the trigger point of a new round of trends. At the same time, the "digital asset treasury" narrative that once dominated the allocation of cryptoassets is gradually ebbing, and the dominance of market capital flows is also changing.
Bitcoin's core indicators such as skewness, unpositioned squaring contracts and volatility are undergoing structural changes, suggesting that the pace of the market outlook may be different from the past. At the price level, Bitcoin is approaching the convergence peak of a symmetrical triangle. Similar patterns in history have often led to rapid breakouts. As prices approach the key technical level of $110,000 and the on-chain overlap area, the options market has seen an advance layout. In addition, volatility in previous years usually heats up in mid-October, but in the current high leverage background, volatility may break out earlier this year, and structural risks are gradually increasing.