BlockBeats news, on November 27, Matrixport released today's chart stating that the funding rate for Bitcoin continues to rise. Although it is experiencing a typical market adjustment, leveraged traders remain confident about the future market. From a technical perspective, prices may pull back to the range of 89,000-90,000, a key support level that is expected to stabilize the market.
What’s more noteworthy is that Bitcoin is expected to once again be the best-performing asset of the year. The highlight of this round of price increase is that traditional financial (TradFi) investors are increasing their positions 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.
