maartunn
ETH: Funding Rates hits a 14-month low ๐ด
This morning I was just doing my regular analysis about the cryptomarkt. I checked serveral charts to setup my bais for next week. One thing which catched my eye is Ethereum Funding Rates. Ethereum Funding Rates are negative, which means short-traders are paying long-traders. In itself, that's not a big signal but it gets more interesting when I observed that Funding Rates are at a 14-month low. The last time Funding Rates were this negative, it was in July '21 just before a huge short-squeeze on Bitcoin & Ethereum. Is Ethereum setting up for a short-squeeze again? ๐ค๐ฑ One small thing to keep in mind: negative funding can be a result of traders hedging their spot exposure to be delta neutral. This makes sense because of the upcoming ETH2.0 Merge