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CryptoQuant: When the funding rate drops to about 50% for 30 days, BTC has shown a stage bottom, and currently it is at 54%.
PANews, July 7 news, CryptoQuant analyst Axel Adler Jr pointed out that according to the chart, whenever the 30-day percentile funding rate of major exchanges drops to about 50% level (green circles marked: September 2023, May 2024, September 2024, and April 2025), the market has shown a stage bottom, followed by a rise trend. The most recent bottom occurred in April 2025, after which the price of Bitcoin rebounded to $112,000, and the current funding rate percentile remains at 54%. He believes that this market structure indicates that the bullish trend is still continuing, with the next focus being the funding rate reaching the level of 80%. If this level is broken, there may be excessive market enthusiasm and subsequent adjustment risks.