The crypto market is currently showing a worrying trend, with trading activity in the futures and spot markets declining since March 2024. However, since October, trading volumes have started to increase, driving up the price of Bitcoin.

Despite the decline in futures market activity, demand in the spot market continues to increase. This indicates that excessive speculation in the futures market is starting to subside, while buying pressure in the spot market is getting stronger.

Funding rate analysis with the 30-day EMA shows no signs of overheating. This indicates that Bitcoin's uptrend is likely to continue, opening up opportunities for further growth.