VanEck: Three key indicators show that Bitcoin still has room for further growth

On November 23, a new report from asset management giant VanEck pointed out that this rebound seems to have just begun according to key indicators. VanEck analyzed three key indicators: funding rates, Relative Unrealized Profit (RUP), and retail interest trends:
Since November 12, the perpetual futures funding rate has consistently been above 10%, indicating an increasing bullish momentum;
In addition, the current 30-day moving average of RUP is approximately 0.54, which usually suggests that the market will peak over a longer period;
The search term heat is only at 34% of its May 2021 high point, indicating that speculative frenzy has not yet spread and the re-participation of retail investors could provide further room for Bitcoin to rise.