Bitcoin’s funding rate over the 30-day EMA shows no signs of “late-cycle overheating,” signaling that the market is not peaking prematurely, according to CryptoQuant analyst Avocado onchain.
“This suggests Bitcoin’s upward trend is likely to continue with significant growth potential,” the analyst noted.
Crypto trader Rekt Capital highlighted that Bitcoin has just entered its parabolic phase, which typically lasts 300 days. As of Dec. 17, the cycle is only on its 41st day, suggesting more upside ahead.
Source: Cointelegraph
