Actually, if you observe the aggregated funding rates across all exchanges closely, as long as they maintain the current low positive rate (below 0.005%) or negative rate status, the price might still be able to steadily recover to around 100k, of course, under the condition that there are no unexpected macro events.

The interest rate cut on the 10th isn’t far off either, and I hope we can have a stable weekend with low volatility. Over the past six months, whenever the funding rate has approached 0.01%, the price has always pulled back. The more cautious the market is, the greater the opportunity for an increase.

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If you look closely at the aggregated funding rates across all exchanges, as long as they stay at the current low positive level (below 0.005%) or turn negative, the price might still be able to steadily climb back toward the 100k area — assuming there are no new macro surprises.

The rate cut on the 10th isn’t far off either, so hopefully we can have a calm weekend with low volatility. Over the past half year, whenever funding has approached 0.01%, the price has always pulled back. The more cautious the market is, the greater the upside potential.