Bitcoin has regained the $100,000 mark, fueled by rising funding rates in the perpetual futures market. This positive sentiment among traders suggests a bullish outlook for the cryptocurrency. The average BTC perpetual futures contract funding rate is currently above 0.01%, indicating that traders anticipate further upward movement. Analysts believe this rise in funding rates reflects a combination of positive market sentiment and expectations of a less-hawkish Fed policy path. Additionally, a surge in funding for short-term call options has been observed, indicating increased optimism for Bitcoin's price performance. At the time of writing, Bitcoin is trading at $101,697.60, slightly down over the past 24 hours.

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