The latest report from asset management giant VanEck reaffirms the continued maintenance of Bitcoin's current cycle price target of $180000, and states that from key indicators, this rebound seems to have just begun. It is reported that VanEck analyzed three key indicators: funding rate, relative unrealized profit (RUP), and retail interest trend. He pointed out that: 1. Since November 12th, the perpetual futures funding rate has been consistently above 10%, indicating an increasing bullish trend; 2. 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; 3. 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. @tyo @dripx 0 reply
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