Deep Tide TechFlow News, on November 12, Matrixport released its daily chart, indicating that the funding rate for Bitcoin has surged to 37%, reaching its highest level since March 2024, reflecting a general bullish sentiment in the market. The futures open interest has also significantly increased from $16 billion in September to $28 billion.

Given that Trump's inauguration will take place on January 20, 2025, the market has ample time to maintain this bullish momentum. In its October report 'Matrix on Target', Matrixport predicted an end-of-year target of $100,000, a milestone that may be achieved ahead of schedule.