Matrixport: Ethereum perpetual futures funding rate hits highest level since May 2024
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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