After months of positive interest rate cycles, the funding rate denominated in Bitcoin tokens has reached a healthy level, marking a shift in market dynamics from derivative-led to one dominated by actual spot trading activity. This transition signals increased investor confidence and a solid market foundation, suggesting that Bitcoin's performance may become more stable and sustainable. With organic spot buying becoming the dominant force in the market, Bitcoin's future performance is seen as more positive and predictable, providing clearer investment directions for market participants.