Matrixport, the cryptocurrency company of the famous Chinese billionaire Jihan Wu, presented a remarkable report on the positive structure of the Bitcoin (BTC) price.
Bitcoin started 2024 with increases. While global markets have not yet opened 2 December early in the day 7% Bitcoin rising around From April 2022 first time since 45 thousand dollar band exceeded. In its report on the subject, Matrixport stated that the expectation regarding the approval of the spot Bitcoin exchange traded fund (ETF) kept the price alive.
Bitcoin before the end of January 50 thousand dollars The report states that funding rates can be More than 66% positive drew attention to the fact that Additionally, the approval of spot Bitcoin ETF $24-50 billion inflow It was predicted that he could bring
Experienced ETF analysts say spot Bitcoin ETF applications should be submitted no later than January 10 It is awaiting approval by . Matrixport analyst Markus Thielenmade the following statements in his statement on the subject:
This morning the funding rate reaches a new high of +66%. This means that those who remain in long positions pay 66% annually to those who remain in short positions. Surprisingly, the Bitcoin funding rate remained high during the holiday period, indicating that crypto traders are bullish and are expecting a bitcoin ETF approval soon.
According to CoinGecko data, in the last 24 hours 7.2% increase Bitcoin exhibiting, at the time of writing from $45,522 is being traded.