CandleFocus

Why bearish may be the new bullish

Why bearish may be the new bullish
The crypto market remains stagnant and quiet, with many waiting for the end of September for a potential price breakout. Data indicates that bullish momentum may pick up after reaching a bottom in funding rates, with average 90-day returns historically sitting at 79%. Other potential catalysts for market movement include FTX repayments, the US election, and the Federal Reserve's actions. In other news, Base continues to set transaction records but has seen a significant decline in profits despite increased activity. The recent US presidential debate did not address crypto-related policies, leaving uncertainty about the future of the industry.

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