Ethereum Traders “Selling the News” During the Merge — Crash Ahead?
[ad_1] As the ETH exchange balance rises, Ethereum traders are banking on a "sell-the-news" scenario on the day of the Merge. On September 15, Ethereum's long-awaited shift to proof-of-stake was accomplished via "the Merge," while traders have been steadily shorting Ether (ETH) in anticipation of a sell-the-news event. Ethereum Funding Rate Falls Dramatically Before the Merge, Ether's futures funding rates on prominent derivatives platforms fell below zero, reaching their lowest