According to Deep Tide TechFlow news, on November 27, Matrixport stated in its latest report that the funding rate for Bitcoin continues to rise. Although BTC is undergoing a typical market correction, leveraged traders remain confident about the market outlook. From a technical perspective, the price may pull back to the $89,000-$90,000 range, which is a key support level expected to stabilize the market. With the Thanksgiving holiday approaching, Bitcoin's astonishing increase of up to +119% this year is bound to become a hot topic at holiday dinners.
What is more noteworthy is that Bitcoin is expected to be the best-performing asset again this year. The highlight of this round of rising momentum is that traditional financial (TradFi) investors are increasing their stakes through ETFs. Looking ahead to 2025, more institutional funds may flow in, further consolidating Bitcoin's strong upward momentum and reinforcing its long-term bullish outlook.
