Matrixport: The funding rate for Ethereum perpetual futures has reached its highest level since May 2024

PANews reported on October 15th that Matrixport's latest report shows that the funding rate of Ethereum perpetual futures has soared to an annualized 18%+, setting a record high since May 2024.

This indicates that market sentiment is changing, with traders heavily going long on ETH before the U.S. presidential election. After prices fell from $3,800 to $2,500, traders are now buying ETH at more attractive prices.

In addition, BlackRock CEO Larry Fink hinted that the role of Ethereum's blockchain could be significantly enhanced, reflecting a shift in market focus. BlackRock is currently not only focusing on Bitcoin but also views Ethereum as an important digital asset alternative choice.