Matrixport: Bitcoin FOMO Returns and May Reach $45,000 by the End of the Year
On October 24th, encrypted service provider Matrixport stated that the Bitcoin futures funding rate is abnormally high, indicating that many traders are panic-buying Bitcoin and FOMO sentiment is returning. Bitcoin's market share has reached 52.1%, and in the past 24 hours, Bitcoin's trading volume has increased significantly to $29 billion.
Matrixport stated that they set a target for Bitcoin's price at the end of 2023 at $45,000 as early as the beginning of this year. Previously, on September 20th, Matrixport predicted in a report that October would be a particularly strong month for Bitcoin, emphasizing that the average return rate for October is 20%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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