The latest report from Matrixport highlights a significant rise in the funding rate of Ethereum perpetual futures. It has reached an annualized rate of over 18%, marking the highest level since May 2024.
This indicates a strong interest and potentially bullish sentiment for Ethereum in the derivatives market, as investors engage more with these instruments.
Such movements in funding rates can reflect traders' expectations about price movements and liquidity conditions for Ethereum, suggesting increased market activity.
