Odaily News According to a recent report released by K33 Research, BTC is not showing signs of the frenzy seen in March, suggesting that there is room for further price increases. Despite an increase of more than 8% in Bitcoin trading volume over the past week, trading volume remains sluggish. Daily trading volume averaged $2.6 billion, almost half of the level in the first quarter of this year. Relatively calm market activity suggests that the market is undergoing healthy, gradual accumulation rather than FOMO buying. In addition, the ETH/BTC exchange rate reached a multi-year low, reflecting the focus of the cryptocurrency space shifting to BTC. According to the report, BTC's rebound near its all-time high lacks the typical excitement, which shows that it is a mature asset that is expected to continue to grow under favorable market conditions and the impact of the upcoming election. Compared with March and April, when speculative trading surged, current market conditions for futures contracts show a more balanced and less leveraged environment. Bitcoin's annualized funding rate currently averages 10.83%, far lower than the high rate of 32.17% in the first quarter. This shows that investors have taken a calmer and more cautious attitude, and CME futures contracts also reflect this stability. The report added that Bitcoin ETF inflows indicate strong interest from institutional investors, and that this demand supports expectations for continued gains, especially as retail investors have shown far less urgency than expected in the current rally. (CryptoSlate)