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Good morning! 🌅
Bitcoin is sending signals that the bullish movement is far from over. But what’s driving this, and what do recent MiCA updates say about USDT’s future in Europe? Let's break it down. 🧵

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The Bitcoin funding rate shows that the market is not overheated. 📊


🚀An analyst from @cryptoquant_com, Avocado Onchain, pointed out that the 30-day EMA of the funding rate is calm—no signals of a peak too soon in this cycle.

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Well-known trader Rekt Capital adds another layer:
Bitcoin is just at the beginning of its parabolic phase for this cycle. 📈

These phases typically last ~300 days.
Today? We’re only at Day 41. Buckle up. 🚀

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On Binance, the world’s largest exchange, the funding rate is currently sitting at 0.0084%.

🔍 A level above 1% would signal an overheated market.
Right now? We’re far from it.

Market sentiment = bullish, but not euphoric. 🐂

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From March to October 2024, the Bitcoin market saw low trading activity.
Since October, both Spot and Futures volumes have surged.
This uptick in volume confirms the current bullish trend is supported by strong market participation. 📈

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Looking ahead to 2025:
Institutional demand is expected to play a significant role in stabilizing Bitcoin’s price at higher levels.
Combined with low funding rates and growing volume, the signals are clear:
Bull market has room to run.

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⚖️ What about USDT and MiCA regulations?
The latest changes in MiCA (Markets in Crypto-Assets Regulation) raise some questions.

For now, Tether (USDT) remains usable, but regulatory clarity will be key in 2025.

Stay tuned. 👀

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TL;DR:
Funding rates show no overheating.
Parabolic phase = just starting (D41 of ~300).
Trading volumes are rising.
Institutional demand may keep BTC strong into 2025.
Bull run is far from over. 🚀

Drop your thoughts below! 👇