K33 Research: Funding rate indicators indicate that the market will bottom out and rebound in the coming weeks

Odaily Odaily News K33 Research said in a market report released on Tuesday that a reliable indicator foreshadows a sharp rebound in the coming weeks and months. According to the report, the 30-day average funding rate for perpetual contracts has fallen to negative levels, which has only happened six times since 2018. K33 analysts Vetle Lunde and David Zimmerman wrote: "In the past, when the monthly funding rate fell to negative values, it usually meant that the market had bottomed out." The report stated that after the indicator turned negative, the average return rate in the next 90 days was 79%, while the median return rate in 90 days was 55%. (CoinDesk)