ChainCatcher Message, asset management giant VanEck's latest report indicates that, from key indicators, this round of rebound seems to have just begun. VanEck analyzed three key indicators: funding rates, relative unrealized profits (RUP), and retail interest trends:

Since November 12, perpetual futures funding rates have remained above 10%, indicating a strengthening bullish momentum;

Furthermore, the current 30-day moving average relative unrealized profit level is about 0.54, which typically suggests that the market will peak in a longer cycle;

The search term popularity is only 34% of the May 2021 high, indicating that speculative frenzy has not yet spread, and the re-engagement of retail investors will provide further upside potential for Bitcoin.