Ether Funding Rates Fall Below Bearish Threshold as Prices Decline
Photo: TokenPost
Ether (ETH) had two weighted perpetual-futures funding rates below the 0.005% bearish threshold in an Oct. 29 market snapshot, while Bitcoin (BTC) and Ether both fell over 24 hours. Ether traded at $2,313.12, down 1.74% over 24 hours. Bitcoin stood at $79,907.10, down 1.25%. Ether’s open-interest-weighted funding rate was 0.0042%, and its volume-weighted rate was 0.0043%. Both were below the threshold used to indicate bearish readings. Bitcoin’s corresponding rates were 0.0069% and 0.0056%, within a neutral range. On Oct. 24, Ether’s readings were 0.0078% and 0.0082%, while Bitcoin’s were 0.0081% and 0.0074%.
Source: TokenPost
