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Bitcoin’s Futures Perpetual Funding Rate has surged to 0.035%, its highest since December 5, indicating heightened speculative interest. This trend has come as Bitcoin hit a new peak of over $109,000 on Monday, just hours ahead of Donald Trump’s presidential inauguration.
The funding rate briefly turned negative earlier this month when Bitcoin was trading near $94,000, likely forming a local bottom.means that long traders periodically pay short traders, while a negative rate indicates the reverse. In bullish market conditions, Bitcoin typically maintains a positive funding rate as traders anticipate continued price increases. However, excessive optimism can lead to an overheated market, causing price reversals and widespread liquidations.
Although reaching $150,000 by 2025 is challenging, current trends favor continued upward movement. Key catalysts for sustaining this trend include steady institutional investments via ETFs and a favorable outcome from the Federal Reserve’s upcoming policy decision.Bitcoin recording a new ATH was accompanied by rapid gains in other cryptocurrencies, as investors speculated on potential policy shifts and regulatory changes tied to the US presidential inauguration.
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