According to Deep Tide TechFlow news, on November 23, asset management giant VanEck's latest report reiterated its price target of $180,000 for Bitcoin in this cycle, stating that key indicators suggest this rebound seems to have just begun. It is reported that VanEck analyzed three key indicators: funding rates, relative unrealized profits (RUP), and retail interest trends, noting that:
1. Since November 12, the perpetual futures funding rate has remained above 10%, indicating a strengthening bullish momentum;
2. Additionally, the current 30-day moving average of relative unrealized profits is approximately 0.54, which typically indicates that the market will reach a peak over a longer cycle;
3. The search term popularity is only 34% of the peak in May 2021, indicating that speculative frenzy has not yet spread, and the re-engagement of retail investors will provide further upside potential for Bitcoin.
