PANews, November 27 news: Matrixport stated in its latest report that the funding rate for Bitcoin continues to rise. Although BTC is undergoing a typical market correction, leveraged traders remain confident about the market outlook. From a technical perspective, the price may pull back to the range of $89,000-$90,000, and this key support level is expected to stabilize the market. As the Thanksgiving holiday approaches, Bitcoin has seen an astonishing increase of +119% so far this year, making it a hot topic on holiday dinner tables.
More noteworthy is that Bitcoin is expected to once again be the best-performing asset of the year. The highlight of this rally is that traditional financial (TradFi) investors are increasing their positions through ETFs. Looking ahead to 2025, more institutional funds may flow in, further solidifying Bitcoin's strong upward momentum and reinforcing its long-term bullish outlook.
