Bitcoin Funding Rates Surge Amid Bullish Market Sentiment

According to PANews, Matrixport has released a new report indicating that Bitcoin funding rates have soared to 37%, marking the highest level since March 2024. This surge reflects a widespread bullish sentiment in the market. Additionally, futures open interest has significantly increased from $16 billion in September to $28 billion. With the inauguration of Donald Trump scheduled for January 20, 2025, the market has ample time to maintain this bullish momentum. In its October 'Matrix on Target' report, Matrixport had predicted a year-end target of $100,000 for Bitcoin, suggesting that this milestone might be achieved sooner than anticipated.