QCP Capital: The funding rate of perpetual contracts has increased in the past two weeks, indicating that bearish sentiment has weakened or bulls are building positions

Deep Chao TechFlow news, on October 9, QCP Capital’s latest analysis pointed out that Meme currency trading activity in the cryptocurrency market has increased significantly. Perpetual contract funding rates on platforms such as Deribit and Binance have increased in the past two weeks, indicating that bearish sentiment has weakened or bulls are building positions. However, the frothy trend in the meme currency market has also raised concerns about potential downside risks.

QCP suggests that despite short-term uncertainty, investors may consider continuing to accumulate on dips given the positive medium-term outlook. They recommend using an accumulator strategy to buy at a discount when the market corrects, and believe that the impact of uncertainty caused by the US election should be short-lived.