đš ETH Is Holding Strong â But This Signal Is Starting to Make Me Nervous.
ETH is still holding around the $2.45Kâ$2.5K area, while Bitcoin has slipped back below $80K.
But hereâs the part Iâm watching:
Ethereum funding rates on Binance have reached a 1-year high. ïżœ
Benzinga
That can mean traders are becoming increasingly bullish.
But it can also mean too many leveraged longs are now crowded on the same side.
Personally, Iâm stuck between the two:
đą Strong funding = traders expect ETH higher
đŽ Extreme funding = a long squeeze could come first
Would you buy $ETH with funding this high â or wait for leverage to cool down?
đ Change my mind.
$ETH
#Ethereum #ETH #Crypto
ETH is still holding around the $2.45Kâ$2.5K area, while Bitcoin has slipped back below $80K.
But hereâs the part Iâm watching:
Ethereum funding rates on Binance have reached a 1-year high. ïżœ
Benzinga
That can mean traders are becoming increasingly bullish.
But it can also mean too many leveraged longs are now crowded on the same side.
Personally, Iâm stuck between the two:
đą Strong funding = traders expect ETH higher
đŽ Extreme funding = a long squeeze could come first
Would you buy $ETH with funding this high â or wait for leverage to cool down?
đ Change my mind.
$ETH
#Ethereum #ETH #Crypto