Sentiment in the Ethereum market took a sharp turn as the funding rate for dollar-denominated perpetual futures contracts reverted to negative, reversing recent trends. This shift suggests a bearish market mood where traders betting on Ethereum’s decline are now compensating those with bullish positions, reflecting a dominance of sellers.
Continue Reading:Shifting Dynamics in Ethereum: A New Market Narrative Unfolds
Source: https://en.bitcoinhaber.net/shifting-dynamics-in-ethereum-a-new-market-narrative-unfolds
