CryptoQuant Analyst: Ether Funding Rates Hit Multi-Month High, Investors Need to Watch Short-Term Correction Risks
On 9 December, CryptoQuant analyst ShayanBTC noted that ethereum funding rates had reached their highest level since January 2024, when ETH was up 88%. The data suggests that the high bullish sentiment reflects optimistic market expectations, but the sharp rise, similar to that of January, also hints at a possible pullback. Analysts warned investors of the risk of a short-term correction.
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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Data: 5,959 ETH transferred from one exchange to another, valued at approximately $18.09 million.
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