On July 7, CoinWorld reported that CryptoQuant analyst Axel Adler Jr pointed out that according to the charts, whenever the 30-day percentile funding rate of major exchanges drops to around 50% level (green circle markers: September 2023, May 2024, September 2024, and April 2025), the market has shown a phase bottom, followed by an upward trend.

The most recent bottom occurred in April 2025, after which the Bitcoin price rebounded to $112,000, and the current funding rate percentile remains at 54%. He believes that this market structure indicates that the bullish trend is still continuing, and the next focus will be when the funding rate reaches 80%. If this level is broken, it may lead to excessive market enthusiasm and subsequent adjustment risks.