Golden Finance reported that Matrixport released today’s chart saying that Bitcoin is currently digesting the rising tide of the past few weeks. During that time, futures open interest surged 50% to $29 billion from $18 billion in October. At the same time, Bitcoin funding rates surged from 10%+ to a peak of 80%+. Historical data shows that such rapid position building is usually followed by a brief consolidation period, after which the bull market may continue. This pattern may reoccur, especially if trading volumes are lighter during the Christmas holiday period. Traders are now looking to the new year to see whether there will be fresh inflows that could push prices higher and reignite the rally.