Binance ETH Funding Stays Negative Near -0.011% as Longs Dominate
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Binance ETH funding stayed negative near -0.011% on October 31. Most futures accounts on the exchange still held long bets. The ETH perpetual print landed as Binance said it had replaced most assets stolen in its recent security breach. QuantM Intel said about 73.4% of Binance futures accounts held long positions in the reported snapshot. Ethereum traded near $2,242. Negative funding still showed shorts paying longs. The same window followed Binance's claim that it had replenished 90% of affected assets. The exchange also kept a November 1 target to restore withdrawals while it replaces the remaining tokens.
Source: Live Bitcoin News
