Although the funding situation has improved, other market indicators have not given clear positive signals.

From the perspective of ETF funds, although there was a net inflow of US$422 million yesterday, it was mainly from suspected arbitrage funds from IBIT, and the real buying from FBTC, ARKB, and BITB was still relatively weak;

The coinbase Bitcoin premium index has also declined significantly and is close to 0, indicating that US buying has weakened again;

From the perspective of sentiment indicators, the funding rates of mainstream coins and altcoins are generally too high, and the Binance USDT lending rate is also over 30%. In this case, it is not very conducive to continued increases.

Therefore, it is not the time to start the upward trend. It is more likely to continue to fluctuate (sideways or fluctuating down), and it is possible to be supported by the 30-day moving average again.