PANews, November 23 - According to Cryptoslate, asset management giant VanEck's latest report indicates that this rebound seems to have just begun based on key indicators. Reportedly, VanEck analyzed three key indicators: funding rates, relative unrealized profits (RUP), and retail interest trends, showing that:
1. Since November 12, the perpetual futures funding rate has remained above 10%, indicating an increase in bullish momentum;
2. Additionally, the current 30-day moving average relative to unrealized profit levels is about 0.54, which typically suggests that the market will reach a peak over a longer cycle;
3. The search term popularity is only 34% of the peak in May 2021, indicating that speculative fervor has not yet spread, and the re-engagement of retail investors will allow for further upside in Bitcoin.
