ethena team distributed $6.88m in tokens december 9 and immediately deposited to bybit. usde tvl crashed from $14.8b to $6.7b in two months. funding rates that powered the 19% yields collapsed to 4%. but one wallet accumulated 780m ena worth $213m during the carnage. team exits, whales enter ...

🚨 LATEST: XRP futures open interest dropped 59% from 1.7B to 0.7B XRP since early October while funding rates fell from ~0.01% to 0.001%.This marked a structural pause in speculative appetite, per Glassnode. https://t.co/QqVsMFODwR ...

Coinbase Bitcoin Premium. Photo by BeInCrypto Bitcoin’s most important reversal signal may finally be forming. After three weeks of relentless sell pressure from US spot markets and record ETF outflows, a rare cluster of metrics is shifting in unison. The Coinbase Premium is recovering, whales are going long aggressively, funding rates have flipped negative, and fresh ETF inflows have reappeared. Analysts say it is the first coordinated improvement in Bitcoin’s market structure since early November. US S ...

📊 MARKETS: Bitcoin dipped to ~$89K but futures traders still aren’t flinching.Futures premium and funding rates remain steady. https://t.co/dFSSKil77c ...

Core Insights - Ethereum traders are engaging in FOMO trading, leading to predictable price patterns that align with extreme funding rates [1][2] - The funding rate cycle shows that negative funding rates coincide with local price bottoms, while positive rates align with local tops [1][2] Funding Rate Dynamics - In early September, Ethereum's funding rate turned negative, marking a local price bottom as it fell from $4,900 to $4,500, with long liquidations dominating [1] - By September 12, Ethereum rebounded 11.5% to $4,700, liquidating short sellers and pushing funding rates into positive territory, indicating a local top [2] - A similar pattern was observed on October 30, when Ethereum dipped to $3,800, leading to approximately $954 million in long liquidations [2] Market Behavior and Volatility - Emotional and short-term trading is prevalent, with traders aggressively going long during minor rallies and short during brief pullbacks, amplifying market volatility [3] - The derivatives market for Ethereum is showing signs of stress, with rising open interest despite declining prices [3][4] Market Outlook - The current market setup suggests that leverage is sustaining prices more than genuine buying demand, leaving the market vulnerable to sharp declines if momentum does not shift [4] - In the short term, Ethereum is expected to remain range-bound with a bearish bias unless there is a reset in funding and positioning [4] - Medium-term volatility is anticipated due to geopolitical and macroeconomic factors, while long-term outlook remains bullish amid an improving macro backdrop [4] Market Sentiment - Users on the prediction market Myriad are cautiously optimistic, estimating a 61% chance that Ethereum will move to $4,500 rather than $3,100 [5] - Currently, Ethereum is trading at $3,834, down 1.5% over the past 24 hours, recovering from an intraday low of $3,687 [5]

📊 Ethereum has dropped back to $3.7K, and traders are showing signs of panic. The past 2 months, funding rates across exchanges dictate where $ETH goes next. When major longs dominate (greed), prices correct. When major shorts dominate, there's a high probability of a bounce. https://t.co/3s47hlDgZr ...

🔗 The 'Funding Rates Aggregated by Exchange' metric is a nice way to spot when traders across exchanges are putting their money where their mouth is. Exchanges are always prone to liquidate positions. Check in on this great counter-signal here: https://t.co/0SCAiIC53n ...

Negative funding rates for Bitcoin.This makes me bullish! https://t.co/foAJbmhJq8 ...

Funding rates flipped negative, but only slightly on the aggregate.Most of the negative funding is coming from Binance.I still think one more dip lower remains possible. https://t.co/5ZXbygXERW ...

BITCOIN FUNDING RATES FLIP NEGATIVE 👇BOTTOM SIGNAL ! https://t.co/x9fuesMAZl ...