Matrixport: Ethereum May Reenact Previous Market Trends, Light Positioning Could Drive Rapid Price Increases

According to Deep Tide TechFlow, on December 5, the latest weekly report from Matrix on Target shows that the current crypto market is in a “position vacuum” state, with overall ETH and BTC positions having dropped back to a low range. Analysts pointed out that a similar light-position pattern earlier this year led to a price increase of about 38% within a few days, and any new exposure could result in prices rising faster than expected. The report emphasizes that Ethereum’s major 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 quickly doubling from $8 billion to $16 billion. Last week, approximately 35.8% of options trades were for buying call options, indicating that traders are quietly increasing 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 last upgrade cycle remains to be seen.