Matrixport: Ethereum May Repeat May's Market Trend, Light Positioning Could Drive Rapid Price Surge

According to ChainCatcher, Matrixport's latest weekly report shows that the current crypto market is in a "position vacuum" state, with overall positions in ETH and BTC having fallen back to low levels.

Analysts pointed 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 increase. The report emphasizes that Ethereum's significant upgrade has fundamentally changed its economic structure, but the market response remains relatively conservative. Data shows that since May, ETH has performed strongly, with futures open interest rapidly doubling from $8 billion to $16 billion, and about 35.8% of last week's options trades were call option purchases, indicating that traders are quietly increasing their bullish positions. However, analysts also cautioned that Treasury-related buying is not as stable as before, and whether Ethereum can repeat the strong rally seen during the previous upgrade cycle remains to be seen.