According to Odaily, Matrixport has released data indicating a strong correlation between trading volumes in the South Korean market and Bitcoin funding rates. The analysis highlights the significant influence of South Korean traders on the market. As trading volumes decline, the annualized funding rates for Bitcoin also decrease. Recently, trading volumes have remained below $1 billion for three consecutive days, suggesting a potential further drop in funding rates. However, with the upcoming Korea Blockchain Week, market activity and sentiment may see a resurgence.