Matrixport: Ethereum May Reenact May Market Trends, Light Positions May Drive Rapid Price Increase

According to ChainCatcher, the latest weekly report from Matrixport indicates that the current crypto market is in a “position vacuum,” with overall positions in ETH and BTC having dropped back to low ranges. Analysts point out that a similar light-position pattern earlier this year drove prices up by about 38% within a few days, and any new exposure could lead to a faster-than-expected price surge. The report emphasizes that Ethereum’s major upgrade has substantially changed its economic structure, but the market response remains relatively conservative. Data shows that since May, ETH has performed strongly, with futures open interest quickly doubling from $8 billion to $16 billion, and about 35.8% of last week’s options trades were call option purchases, indicating traders are quietly increasing their bullish positions. However, analysts also caution that buying related to Treasury bonds is not as stable as before, and whether Ethereum can replicate the strong rally seen during the previous upgrade cycle remains to be seen.