
Crypto-常山赵子龙|Jul 29, 2025 02:56
BTC ETH
The perpetual funding rate of Binance Ethereum has started to become negative, marking the first time Ethereum has experienced a negative funding rate since 2500;
A negative fund rate indicates that there is an increase in hedging funds or net short funds. Combined with changes in holdings, hedging funds should be the main focus;
It may be a manifestation of Ethereum's long-term collapse in the current bull market. Even though Ethereum has performed so well, it is difficult for people to generate FOMO sentiment towards it. A typical sign of FOMO sentiment mentioned here is that Binance's perpetual funding rate has begun to maintain above 0.01;
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