According to Binance, low funding rates suggest that Bitcoin is entering an early bullish market phase. Analysts anticipate funding rates surpassing 0.01 as a sign of stronger momentum. High funding rates during 2020 reflected strong investor confidence and Bitcoin's price rise. Binance's Bitcoin Funding Rates metric has emerged as a vital tool for analyzing Bitcoin's market trends and can provide insights into market dynamics. The current funding rates sit at 0.01, a typical level for the early stages of a bull market. The next critical indicator will be whether funding rates exceed the 0.01 mark, signaling the potential onset of the third phase of the bull cycle.



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