The latest report from Matrixport shows that funding rates for Ethereum perpetual futures have surged to an annualized 18%, the highest level since May 2024. This shows that market sentiment is shifting, with traders aggressively long ETH ahead of the US Presidential Election. After the price of Ethereum fell back from $3,800 to $2,500, traders are now buying ETH at a more attractive price. Additionally, BlackRock CEO Larry Fink hinted that the blockchain role of Ethereum could be significantly ...
According to Coinglass data, the current mainstream CEX and DEX funding rates show that the market is still generally bearish. Taking BTC as an example, the current mainstream platform BTC USDT or USD contract trading pair funding rates are as follows: · Binance: -0.0032% · OKX: 0.0019% · dYdX: -0.0025% · bybit: 0.0097% · Vertex: -0.0024% · Bitget: -0.0041%
On August 5th news, Matrixport posted a chart on the X platform saying that the Bitcoin funding rate turned negative. August (and September) have traditionally been the months when Bitcoin fell, and this year seems to be no exception. Large fluctuations in Bitcoin futures positions drove the price up in May and July. However, with the funding rate now turning negative, the market is experiencing a downward trend. Although this is the case, the current position holdings are still as high as $17.8...