According to BlockBeats, K33 Research released a market report on Tuesday, September 11, indicating that a reliable indicator suggests a significant rebound in the coming weeks and months. The report highlights that the 30-day average funding rate for perpetual contracts has dropped to negative levels, a phenomenon that has occurred only six times since 2018.
K33 analysts Vetle Lunde and David Zimmerman noted, 'Historically, when the monthly funding rate turns negative, it typically signals a market bottom.' The report further states that following previous instances of this indicator turning negative, the average return over the next 90 days was 79%, with a median return of 55%.