According to BlockBeats, on November 23rd, asset management giant VanEck's latest report indicated that from key indicators, this rebound seems to have just begun. VanEck analyzed three key indicators: funding rate, relative unrealized profit (RUP), and retail interest trend:
Since November 12th, the perpetual futures funding rate has been consistently above 10%, indicating an increasing bullish momentum;
In addition, the current 30 day moving average relative unrealized profit level is about 0.54, which usually indicates that the market will reach its peak in a longer period of time;
The popularity of search terms is only 34% of the high point in May 2021, indicating that speculative frenzy has not yet spread, and the re participation of retail investors will give Bitcoin further room to rise.
