According to Deep Tide TechFlow reports, on December 5, the latest weekly report from Matrix on Target shows that the cryptocurrency market is in a "position vacuum" state, with ETH and BTC positions falling back to a low range. Analysts pointed out that a similar light position pattern earlier this year had driven prices up by about 38%. The report emphasizes that the Ethereum upgrade has changed its economic structure, but the market reaction has been conservative. Data shows that since May, the open interest in ETH futures has doubled from $8 billion to $16 billion, and about 35.8% of the options traded last week were bullish options bought. Analysts remind us that government bond-related buying is not as stable as before, and whether Ethereum can repeat a strong rise remains to be seen.

#BTC #ETH