Matrixport: The funding rate for Ethereum perpetual futures has reached its highest level since May 2024

2024-10-15 15:24:08

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ChainCatcher news, according to Matrixport's latest report, the funding rate for Ethereum perpetual futures has surged to an annualized 18%+, reaching its highest level since May 2024.

This indicates a shift in market sentiment, with traders heavily going long on ETH ahead of the U.S. presidential election. After the price fell from $3,800 to $2,500, traders are now buying ETH at more attractive prices.

Additionally, BlackRock CEO Larry Fink hinted that the role of Ethereum's blockchain could significantly increase, reflecting a shift in market focus. BlackRock is currently not only focused on Bitcoin but also views Ethereum as an important alternative digital asset.

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