Matrixport: Funding rates hover low as market waits for bigger positive catalysts

On 10 March, Matrixport published its daily analysis, stating, ‘The White House crypto summit and confirmation of the US Strategic Bitcoin Reserve failed to ignite sentiment, with the crypto market failing to rise significantly and funding rates for perpetual contracts still hovering in the single digits. This suggests that retail investor enthusiasm remains subdued, in stark contrast to April and December 2024, when funding rates spiked to high double-digit levels. Market momentum from Trump's official inauguration has also been relatively muted, and Bitcoin still needs a more impactful catalyst to see another round of gains.’