VanEck: Reiterates the unchanged target price of $180,000 for BTC

Golden Finance reported that the asset management giant VanEck reiterated in its latest report that it will continue to maintain the price target for this round of BTC cycle at $180,000, and stated that from key indicators, this Rebound seems to be just beginning. It is reported that VanEck analyzed three key indicators of fund Interest Rate, Relative Unrealized Profits (RUP), and retail interest trends, and pointed out:

1. Since November 12th, the funding interest rate of perpetual futures has been above 10%, indicating a bullish trend.
2. In addition, the current 30-day moving average relative unrealized profit level is about 0.54, which usually indicates that the market will reach its peak in a longer time cycle.
3. The search term heat is only 34% of the high point in May 2021, indicating that speculative frenzy has not yet spread, and the re-engagement of retail investors will give BTC further room for pump.