Matrixport: Ethereum perpetual futures funding rate hits highest level since May 2024

10/15 08:21

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Matrixport's latest report shows that the funding rate for Ethereum perpetual futures has surged to an annualized rate of 18%, reaching the highest level since May 2024. This indicates a shift in market sentiment, with traders going long on ETH before the US presidential election, and now buying ETH at a more attractive price after the Ethereum price fell from $3,800 to $2,500. In addition, BlackRock CEO Larry Fink hinted that Ethereum's blockchain role could significantly improve, reflecting a shift in market focus. BlackRock is currently not only focusing on Bitcoin, but also sees Ethereum as an important digital asset alternative.

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