Institution: Three key indicators show further upward potential for Bitcoin

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.