K33Research said in a market report released on Tuesday that a reliable indicator is predicting a sharp rebound in the coming weeks and months. According to the report, the 30-day average funding rate for perpetual contracts has fallen to negative levels, which has only happened six times since 2018. K33 analysts Vetle Lunde and David Zimmerman wrote: In the past, when the monthly funding rate fell to negative values, it usually meant that the market had bottomed out. The report said that after the indicator turned negative before, the average return in the next 90 days was 79%, while the median return in 90 days was 55%.