BlockBeats news, September 11, K33 Research said in a market report released on Tuesday that a reliable indicator indicates a sharp rebound in the coming weeks and months. According to the report, the 30-day average funding rate of perpetual contracts has dropped to negative levels, which has only happened six times since 2018.
“In the past, when monthly funding rates fell into negative territory, it usually signaled a market bottom,” K33 analysts Vetle Lunde and David Zimmerman wrote.
The report said that after the indicator turned negative, the average return in the next 90 days was 79%, while the median return in 90 days was 55%. (CoinDesk)
