CoinVoice has recently learned that 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, the perpetual futures funding rate has remained above 10%, indicating an increase in bullish momentum; additionally, the current 30-day moving average of relative unrealized profit levels 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 peak in May 2021, indicating that speculative enthusiasm has not yet spread, and the re-engagement of retail investors will allow for further upside in Bitcoin. [Original link]
