The funding rate on the Bitcoin futures market indicates the absence of overheating and the likely continued growth of the rate. Moreover, buyers in the spot market are providing additional impetus, CryptoQuant said.

Analysts are confident that Bitcoin’s parabolic growth phase is at the very beginning. Historically, such periods lasted up to a year, but currently just over a month has passed.

Bitcoin's Parabolic Growth Phase

Bitcoin's parabolic growth phase refers to the initial stage of alcession, when the price of Bitcoin increases significantly, attracting an influx of money into the market. Here are the key points of this phase:

1. Bitcoin surge: This phase is characterized by a gradual but significant increase in the value of Bitcoin. The rising price attracts investors who see potential in this cryptocurrency.
2. Capital inflow: A significant flow of money is heading into Bitcoin as investors see it as a promising investment. Price dynamics and potential profits make Bitcoin the center of attention.
3. Switching attention: As the phase develops, part of the capital begins to move towards other cryptocurrencies, in particular Ethereum. This is due to Ethereum's technological advances, capabilities smart contracts and the prospects for a “revolution.”

Thus, Bitcoin's parabolic growth phase not only sets the stage for further growth of other cryptocurrencies, but also demonstrates the dynamic nature of the cryptocurrency market, where investors strategically reallocate their investments.