According to BlockBeats news, on November 23, asset management giant VanEck's latest report pointed out that, from key indicators, this round of rebound seems to have just begun. VanEck analyzed three key indicators: funding rates, relative unrealized profit (RUP), and retail interest trends:
Since November 12, the perpetual futures funding rate has remained above 10%, indicating an increase in bullish momentum;
In addition, the current 30-day moving average relative to unrealized profit levels is about 0.54, which typically indicates that the market will peak over a longer cycle;
The search term popularity is only 34% of the peak in May 2021, indicating that speculative frenzy has not yet spread, and the re-entry of retail investors will allow Bitcoin to have further upward potential.
