VanEck: Three key indicators show that Bitcoin may have further room to rise

Odaily Planet Daily Report: According to the latest report by asset management giant VanEck, based on key indicators, this rebound seems to have just begun. VanEck analyzed three key indicators: the perpetual futures funding rate, the relative unrealized profit (RUP), and the retail interest trend. The perpetual futures funding rate has remained above 10% since November 12, indicating a strengthening bullish momentum. Additionally, the current 30-day moving average of the relative unrealized profit level is around 0.54, which usually suggests that the market will reach its peak over a longer period. The search volume is only 34% of the May 2021 high, indicating that the speculative frenzy has not yet spread, and the re-participation of retail investors will allow to have further upside potential.