Data: The derivatives market suggests that a big market movement is imminent

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

The report points out that the financing costs, leverage ratios, and trading volumes of Bitcoin, Ethereum, and SOL are sending signals that are inconsistent with price trends. Currently, the price of Bitcoin is at a converging position of a symmetrical triangle, a pattern that historically often leads to rapid breakouts. It is noteworthy that the market's funding structure is undergoing a transformation, with the narrative of "digital asset treasury" gradually receding. Considering the current high-leverage environment in the market, this year's volatility may erupt earlier than in previous years, and market participants need to be vigilant about structural risks.