Traders in the cryptocurrency market are approaching upcoming major events with caution, as indicated by the neutral funding rate for Bitcoin perpetual futures. This observation was made by Alvin Kan, COO of crypto wallet provider Bitget. According to Kan, the neutral funding rate of 0.01% suggests that traders are hesitant to make significant investment decisions ahead of events such as the US presidential inauguration. This cautious approach is likely to continue until there is more clarity regarding the potential impact of these events on the market. Traders are advised to remain vigilant and monitor market developments closely in the lead-up to these major events. By doing so, they can make informed investment decisions and potentially mitigate any potential risks.

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