‍Ether Funding Rates Turn Negative Amid Market-Wide Risk Aversion

Ethereum (ETH) has seen a significant downturn, dropping 28% in a week to $2,110, as investors move away from risk assets. Over $2 billion in leveraged bullish ETH futures were liquidated, pushing annualized funding rates into negative territory. This indicates a rare situation where short sellers pay fees.

Despite this bearish signal, broader macroeconomic concerns, a 1.4% decline in the Nasdaq, and rising gold/silver prices suggest continued investor skepticism. ETH has underperformed BTC and TRX recently. Institutional outflows from US Spot Ethereum ETFs totaled $447 million over five days, and onchain DEX trading volumes have fallen 47%. While negative funding rates can signal an oversold market, a quick reversal is not guaranteed due to ongoing macroeconomic uncertainty.

https://cryptovka.ru/en/news/8789/ether-funding-rates-turn-negative-amid-market-wide-risk-aversion