According to CryptoQuant analyst Woominkyu, since early July, BTC’s price has risen from approximately $60,000 to $78,000, an increase of about 30%. During the same period, market funding volume grew from $20.6 billion to $24.9 billion, nearing the peak of this phase. He noted that, unlike the price rise, the proportion of leveraged funding has not increased in tandem. This metric peaked on August 14 and has since declined steadily, even as BTC accelerated upward after August 19. He believes the current funding structure is healthier than one driven by leveraged capital; if BTC’s price stagnates while leveraged funding begins to rise again, it could signal a risk worth monitoring.
BTC rises 30% since early July, market funding reaches $24.9B with declining leverage
TechFlowShare
Summary
BTC price rose 30% since early July, increasing from $60,000 to $78,000. Market funding surged to $24.9 billion, but leveraged positions have declined since peaking on August 14. The BTC market update indicates a healthier capital structure compared to leveraged-driven cycles. Rising leveraged funding amid a price stagnation could signal increased risk.
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