ETH funding rate turns negative, but US macro conditions mute buy signal
Crypto traders usually view negative funding rates as a buy signal, but this week’s volatile US earnings outcome may cloud its value for ETH investors.
Key takeaways:
Ether dropped 28% in a week to $2,110 as investors cut risk and markets wiped out leveraged traders.
Spot ETH ETF outflows reached $447 million as Ethereum network activity fell by 47%.
