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

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

Bitget2024/10/15 07:29
BTC+0.32%ETH+1.13%

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.

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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