Golden Finance reported that Coinbase analysts David Duong and David Han said that despite Bitcoin's sluggish price trend this week, "market sentiment has remained largely unchanged, as evidenced by the stability of perpetual contract funding rates and the number of open contracts over the past week." Coinbase analysts pointed out that the macro factors affecting the performance of cryptocurrencies are shifting from monetary policy to the results of the US election, and despite the recent rise in CPI and core PPI, market expectations for rate cuts remain roughly stable.