Bears dominate Bitcoin futures markets and the funding rate wants to trade. With interest rate cuts coming next week on September 18, and the US election cycle kicking into next gear, bears have very limited time.
But while taking control of the future from the bulls, the Bitcoin Dogs continue to rise, unconcerned by the ongoing market uncertainty. This Bitcoin meme coin continues to shock investors and analysts, and analysts have even started calling it "BTC's best beta".
What is happening to Bitcoin? Will Q4 be explosive? How high can native token 0DOG climb? It's time to dive into these questions and examine what exactly is happening in the futures markets.
Bear regulates the BTC futures markets
Bears run the show, and based on funding rates, there are currently more bears than bulls. Negative funding rates mean bears are paying traders with open long positions to keep shorts open. But as headlines go, there are many more nuances to the current market positioning.
Bitcoin ETFs are again registering inflows after a series of outflows, whales of more than 100 BTC are rising aggressively to levels not seen since 2023, and bull buying pressure is building across all exchanges. Reading between the lines gives a simple picture. While traders may be speculating on a short-term dip when it comes to long-term trading ideas, all smart and well-capitalized investors are betting on BTC trading much higher in the coming year.
Bitcoin Dogs: Is This The Best BTC Meme Coin?
Bitcoin Dogs soared in the face of a generally bearish sentiment, with trading volume and price continuing to rise. This move perfectly sums up a deeper attitude towards BTC. Sure, leveraged traders can be choppy on super short time frames, but anyone who buys spot assets knows that the real party is about to begin.
After growing success in its presale as BTC's first domestic ICO project, Bitcoin Dogs has gone from strength to strength. 0DOG holders are eagerly awaiting the release of the NFT Ordinals collection, which will be followed by the release of their Telegram game later this quarter. Launching as a BRC-20 token has unlocked all the equity in the BTC network and Bitcoin Dogs is pushing the boundaries of what a BRC-20 project can be. It's a match made in heaven for value-oriented investors.
MEXC and Gate.io quickly listed 0DOG, showing great ambition from the team and trust from these two popular exchanges, and people are already suggesting that a centralized tier 1 listing could be next. Bitcoin Dogs have a soft relationship with BTC and the consensus view is that Bitcoin is trading at a six-figure price in this cycle. It's not too complicated. When BTC starts to split, investors get FOMO and rush to find new deals - the main meme currency on the network is an obvious choice. Buying 0DOG smart money today is betting on this very trade setup.
Why the BTC Ecosystem is Underrated
Bitcoin lacked ecosystem projects in the last cycle. But this was before the introduction of the Ordinals protocol and the introduction of BRC-20. This time, BTC bulls can speculate on the ecosystem and the markets are drastically underestimating this fact.
Equity on the BTC network is very sticky and not tied to other chains. However, tokens on the network are the perfect playground for speculation. Projects like 0DOG have practically been blown on their heads in the next twelve months, and one top analyst has even attached a 100X price prediction ahead of Q2 2025 for 0DOG, the main BTC meme coin. Are you going to miss the early buy of the first BTC ICO?