Bitcoin funding rate signals no signs of ‘late-cycle overheating’ — Analyst
Bitcoin's funding rate indicates a stable market without signs of overheating, suggesting continued upward momentum. The 30-day exponential moving average shows no late-cycle peaks. Bitcoin is in a parabolic phase, currently on day 41 of an expected 300-day duration. The funding rate on Binance is at 0.0084%, reflecting a buyer-dominated market where buyers pay sellers to maintain positions. In August, the funding rate dropped significantly as Bitcoin fell below $60,000, indicating a shift in sentiment. Analysts predict mild price corrections in 2025 due to strong institutional demand, with projections of Bitcoin reaching $145,000 to $200,000 under favorable conditions. Trading volumes have increased since October, contributing to Bitcoin's price rise.
