【VanEck: Reiterates the Bitcoin target price of $180,000 unchanged】
Asset management giant VanEck's latest report reiterates its continued maintenance of Bitcoin's price target for this cycle at $180,000, stating that from key indicators, this round of 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. It pointed out:
1. Since November 12, the perpetual futures funding rate has been above 10%, indicating strengthened bullish momentum;
2. In addition, the current 30-day moving average relative unrealized profit level is about 0.54, which usually indicates that the market will peak in a longer cycle;
3. The search term popularity is only 34% of the May 2021 peak, indicating that speculative enthusiasm has not yet spread, and the re-participation of retail investors will provide further upside potential for Bitcoin.
