Odaily News Matrixport released today's chart, saying that the White House Crypto Summit and the confirmation of the US strategic Bitcoin reserves failed to ignite market sentiment, the crypto market did not see a significant rise, and the perpetual contract funding rate remained at a single-digit level. This shows that retail investors' enthusiasm remains low, in stark contrast to April and December 2024, when funding rates soared to double-digit highs.
Even the market momentum brought by Trump's official inauguration was relatively flat, which clearly shows that Bitcoin still needs a more influential catalyst to usher in a new round of gains.