Some merchants had been positioned for bitcoin management after the ether-bitcoin ratio dipped beneath key assist final week. As such, ETH’s market-beating rise has introduced fast adjustment in market positioning, resulting in a pointy uptick within the perpetual funding charges or price of holding lengthy/brief positions, Singapore-based QCP capital defined in a word on Telegram. The upside volatility has additionally led to a major brief masking in ETH front-end name choices.
