Matrixport: Bitcoin's low funding rate shows that spot buying is leading the rise, and the market still has room to recover

Odaily News Matrixport published a chart saying that although Bitcoin is naturally volatile, its funding rate has returned to near zero, indicating that even in the case of the recent Bitcoin rebound, long positions in the futures trading market are not heavy positions. This provides an opportunity for traders to increase long positions, which may further push up prices. However, the low funding rate also suggests that the recent rise may be driven by spot buying, which tends to be more strategic and long-term rather than speculative futures trading. Overall, this is a positive sign that the market is not over-leveraged and there is still potential for future gains.