Matrixport: The low funding rate of Bitcoin indicates that spot buying is driving the rise, and the market still has room for recovery

ChainCatcher news, Matrixport released a chart stating that although Bitcoin has a natural volatility, its funding rate has returned to nearly zero levels, indicating that even in the recent Bitcoin rebound, the futures market's long positions are not heavily leveraged. This provides an opportunity for traders to increase long positions, which may further drive up prices.

However, the low funding rate also suggests that the recent rise may have been driven by spot buying, which is often more strategic and long-term rather than speculative futures trading. Overall, this is a positive signal, indicating that the market is not overly leveraged and still has potential for future increases.