The Bitcoin funding rate over the 30-day EMA signals “no visible signs of late-cycle overheating,” according to a crypto analyst.
The Bitcoin funding rate signals that the market is not overly frothy and shows no signs of Bitcoin’s price peaking too early in the cycle, according to a crypto analyst.
“Analyzing the funding rate using a 30-day exponential moving average (EMA), there are no visible signs of late-cycle overheating,” CryptoQuant contributor Avocado onchain said in a Dec. 17 markets report.
“This indicates that Bitcoin’s upward trajectory is likely to continue, with significant room for further growth,” they added.
