PANews reported on November 27 that Matrixport said in its latest report that Bitcoin funding rates continue to rise. Although BTC is experiencing a typical market adjustment, leveraged traders are still confident about the future market. From a technical point of view, the price may fall back to the $89,000-90,000 range, and this key support level is expected to stabilize the market. As the Thanksgiving holiday approaches, Bitcoin's amazing increase of +119% so far this year is bound to become a hot topic on the holiday table.
What is more noteworthy is that Bitcoin is expected to once again be the best performing asset of the year. The highlight of this round of gains is that traditional financial (TradFi) investors have increased their investment through ETFs. Looking ahead to 2025, more institutional funds may flow in, further consolidating Bitcoin's strong upward momentum and strengthening its long-term bullish expectations.
