Matrixport: Bitcoin funding rate soars to 37%, reaching its highest level since March 2024

ChainCatcher news, Matrixport released its daily chart, indicating that the Bitcoin funding rate has soared to 37%, reaching its highest level since March 2024, reflecting a general bullish sentiment in the market. The futures open interest has also significantly increased from $16 billion in September to $28 billion.

Given that Trump's inauguration will take place on January 20, 2025, the market has ample time to maintain this bullish momentum. Matrixport predicted a year-end target of $100,000 in its October report "Matrix on Target," and this milestone may be achieved ahead of schedule.