Victory Securities: Funding RatesHalving has fallen, and the short-term direction of BTC is not all one-sided

Jinse Finance reported that Zhou Lele, the Deputy Chief Operating Officer of Shengli Securities, analyzed that the macro and high-level negative impact on the Cryptocurrency market has passed, and the risks are more focused on expected realizations, such as the American ‘Government Efficiency Department’ (referred to as DOGE) led by American entrepreneur Musk and Ramaswamy. After the media reports, DOGE ($DOGE) only increased by 5.7%, while during the week when the US election results were announced, DOGE surged by 83%. Last week, the net inflow of BTC ETFs in the OTC market was $1.67 billion, and the holdings of exchange contracts and CME contracts remained high, but the funding rates halved, indicating that the short-term direction of BTC is not one-sided, and shorts are also accumulating strength.