Institution: Three key indicators show further upward potential for Bitcoin

According to Onchain Lens monitoring, a trader bought 76.46 million FATHA tokens with only 2.93 SOLs ($765) 6 hours ago, and the value of these tokens has now risen to $2.7 million, with a return of up to 3483 times.

According to Onchain Lens monitoring, in the past 48 hours, an address associated with RookieXBT purchased 2.73 million FARTCOIN using 3900 SOL ($1 million) and then transferred it to the main wallet. Earlier this week, the same wallet purchased 5.21 million CHILLGUY coins with 1200 SOLs ($290000), and then sold 287000 CHILLGUY coins to obtain 291 SOLs ($71000). Its current holdings of 4.92 million CHILLGUY coins are worth $1.35 million.

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The price of Binance TRX/USDT has reached a historic high, now reported at $0.2136, up 7.50% in 24 hours, with a turnover of $131 million. After reaching a new high in price, there is a high probability of a price correction. (AICoin Research Institute)

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.