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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #580 27.9K
The spread between $BTC and $ETH perpetual futures funding rates is pushing to a new ATH of 77% annualized.

This indicates traders are heavily short $ETH relative to $BTC, likely speculating/hedging for the upcoming Merge.

New Workbench Pre-set chart
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