The recent increase in funding rates indicates a growing confidence in the upside potential of the cryptocurrency market. However, it is crucial to remain vigilant for potential manipulation in this scenario.
The Coinbase premium index's rise above the 0 zone is a positive sign, suggesting that prices will continue to rise if this level is maintained. Concurrently, open interest is increasing alongside the price, with the lower zone expected to act as support.
Following long liquidations in the lower zones, prices have begun to rise. Despite this optimistic outlook, it is essential to be prepared for post-rally manipulation, as the number of coins transferred from exchanges is decreasing. This analysis highlights the importance of closely monitoring market trends and maintaining a cautious approach in the ever-evolving blockchain industry.