TechFlow news, November 27 — Matrixport stated in its latest report that Bitcoin funding rates continue to rise. Although BTC is undergoing a typical market correction, leveraged traders remain confident about future price movements. From a technical perspective, prices may retrace to the $89,000–$90,000 range, a key support level expected to stabilize the market. With Thanksgiving approaching, Bitcoin’s remarkable year-to-date gain of +119% is sure to be a hot topic at holiday dinner tables.
More notably, Bitcoin is on track to once again claim the title of top-performing asset of the year. A key driver behind this rally is traditional finance (TradFi) investors increasing exposure via ETFs. Looking ahead to 2025, more institutional capital is expected to flow in, further strengthening Bitcoin’s bullish momentum and reinforcing long-term optimistic outlook.
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