Axel Adler Jr, an analyst at CryptoQuant, wrote that every time the 30-day percentile funding rate of a mainstream trading platform falls to the level of about 50% (September 2023, May 2024, September 2024, and April 2025), it corresponds to a partial bottom stage, and then the market resumes its upward trend.
Following the last bottom in April 2025 and subsequent rise to $112,000, the funding rate percentile is currently at 54%. Based on this pattern, the bullish trend continues to gain momentum, and the next focus will be on the 80% level. A break above this level could mean that the market is overly enthusiastic and there is a risk of correction.
Analyst: Bitcoin funding rates near bottom zone, bullish trend still has momentum
2025-07-08 05:31:41
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