whenitdrizzles
@whenitdrizzles
Ethereum's funding rate hit 13.7%, highest since February, signaling bullish sentiment and potential ETF inflows. But futures open interest nears Dec 2024 highs, showing leverage-driven buying, not spot demand. Unlike Bitcoin, ETH's rally is more fragile, with surging call options and gamma hedging increasing gap risk. The market is sensitive to momentum shifts, making it vulnerable to sudden drops.
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