VanEck: Reiterates Bitcoin's $180,000 target price remains unchanged

According to a report by financial management giant VanEck, they maintain their target price of $180,000 for Bitcoin in this current cycle and suggest that this rebound seems to have just begun based on key indicators. VanEck analyzed three key indicators: funding rates, relative unrealized profits (RUP), and retail interest trends. They pointed out that:

1. Since November 12th, perpetual futures funding rates have remained above 10%, indicating an increasing bullish momentum;

2. In addition, the current 30-day moving average relative unrealized profit level is about 0.54, which usually indicates that the market will reach its peak over a longer period of time;

3. The search term popularity is only 34% of the high point in May 2021, indicating that speculative frenzy has not yet spread, and the participation of retail investors will further drive Bitcoin's upward momentum.