PANews reported on October 15th that Matrixport's latest report shows that the funding rate of Ethereum perpetual futures has soared to an annualized 18%+, setting a record high since May 2024.
This indicates that market sentiment is changing, with traders heavily going long on ETH before the U.S. presidential election. After prices fell from $3,800 to $2,500, traders are now buying ETH at more attractive prices.
In addition, BlackRock CEO Larry Fink hinted that the role of Ethereum's blockchain could be significantly enhanced, reflecting a shift in market focus. BlackRock is currently not only focusing on Bitcoin but also views Ethereum as an important digital asset alternative choice.