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VanEck: Three key indicators show BTC still has further pump space
CoinVoice has learned that the asset management giant VanEck's latest report indicates that this Rebound seems to be just beginning from key indicators. VanEck analyzed three key indicators: fund Intrerest Rate, relative unrealized profits (RUP), and retail interest trends:
Since November 12, the perpetual futures funds Intrerest Rate has been above 10%, indicating a bullish trend; In addition, the current 30-day moving average of unrealized profit is about 0.54, usually indicating that the market will reach a longer-term peak in the cycle; The search term heat is only 34% of the high point in May 2021, indicating that speculative frenzy has not yet spread, and the re-engagement of retail investors will give BTC further room for pump.