On-chain data shows the Ethereum funding rates have now declined to the lowest value in 14 months, something that could pave way for a short squeeze in the market.
Ethereum Funding Rates Reach Highly Negative Value
As pointed out by an analyst in a CryptoQuant post, the ETH funding rates are currently at their least value since July 2021.
The “funding rate” is an indicator that measures the periodic fee that traders in the Ethereum futures market are exchanging between each other right…
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