PANews reported on November 12 that Matrixport released its latest report, saying: "The Bitcoin funding rate has soared to 37%, reaching its highest level since March 2024, showing a general bullish sentiment in the market. Futures positions have also increased significantly from US$16 billion in September to US$28 billion.
Given that Trump’s inauguration will be held on January 20, 2025, the market has plenty of time to maintain this bullish momentum. Matrixport’s October report “Matrix on Target” predicted a year-end target of $100,000, a milestone that could be achieved ahead of schedule.”
