Good morning. #Ethereum shorts continue to rise. On December 6th, funding rates peaked when ETH hit $4,200, followed by a drop to current levels. Despite the decline, there hasn’t been a significant drop in open interest, indicating large short positions being opened. As seen in the second chart, Ethereum shorts on the CME recently reached a new record. While it’s uncertain when these shorts will be closed, I believe it won’t take too long, and they are likely to be closed in the coming days as Ethereum starts to rise.
- 0 replies
- 0 recasts
- 2 reactions
GM 🌞 If you haven’t joined Town yet, you can join from the link below 👇 https://app.towns.com/t/0x3f65936c5aa29b70b86de0f6b014ceb36fb72d26/
- 0 replies
- 0 recasts
- 0 reactions
FTX claims distribution are to start January 3 $16 billion is to be paid through Bitgo and Kraken within 60 days and creditors can choose to be paid in stablecoins or USD
- 0 replies
- 0 recasts
- 0 reactions