@danmo92

Ethereum funding rates turn positive despite a 14% weekly drop Funding rates for Ethereum have flipped into positive territory, even after the asset suffered a 14% decline over the past week. On BitMEX, rates surged to 0.049% - the highest level since October - as traders bet on a rebound despite the steep correction. This shift in sentiment follows a brutal week that saw over $2.67 billion in leveraged positions wiped out, with the majority of losses coming from long traders. Analysts caution that the renewed appetite for leveraged longs could heighten the risk of another correction, particularly as trading volumes have dropped by 32% and liquidity remains thin.

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