Ethereum traders appear to be FOMO-trading at extremes, creating a predictable pattern where local price tops and bottoms coincide with extreme funding rates, according to analytics firm Santiment’s Thursday tweet. The data reveal a clear cycle. In early September, the aggregated funding rate entered negative territory, marking a local bottom. Liquidations were initially dominated by longs as Ethereum dropped from $4,900 to $4,500, according to CoinGlass data. By September 12, Ethereum climbed 11.5% to ...