Fundstrat executive: BTC is temporarily consolidating, and there is currently no bubble in the market.

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Odaily Planet Daily News According to a recent report by digital asset strategist Sean Farrell of market research firm Fundstrat, although it is possible to see temporary consolidation of BTC, many signs of a bubble that were previously present in the market do not exist. According to CoinGlass data, the annualized financing interest rate (i.e. leverage cost) of BTC perpetual futures soared to 59% on November 12, the highest level since March this year, and fell back to around 12.9% last week. However, Sean Farrell pointed out that historical data shows that this Intrerest Rate can usually be maintained at a level of 20%-50% in the weeks before losing momentum, “as long as it is combined with capital inflows and strong Spot demand, this leverage level can continue to exist.” (marketwatch)

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