Director of Digital Currency Research at VanEck Matthew Sigel and analyst Nathan Frankovitz reported that the funding rates for perpetual futures in cryptocurrency have consistently exceeded 10% since November 12. This indicator suggests that investors are optimistic and expect significant returns on investments in the medium term. The relative realized profit stands at 0.54. This is significantly below the threshold value of 0.7, which is usually associated with reaching market peaks, the analysts noted. They drew parallels between the current market situation and the Bitcoin rally at the end of 2020, which occurred against the backdrop of the previous presidential elections in the US. At that time, the price of the first cryptocurrency doubled and continued to rally the following year.$ONE$DOGE$WIF
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