๐ ETH/USDT Funding Rates: Bullish Opportunity on the Horizon?๐๐
Analysis of ETH/USDT funding rates across major centralized exchanges over the past year reveals some juicy patterns:
1๏ธโฃ Cyclical Nature: Clear funding rate cycles with dramatic swings.
2๏ธโฃ Bull Market Bonanza: Massive upward spikes hitting 70-75% in early 2024, echoing patterns from previous bull cycles!
3๏ธโฃ Current Chill: July 2024 sees rates chilling at ~5% or lower.
๐ Key Insight: Funding rate spikes typically coincide with bull markets. And let's face it, in crypto, the sentiment is almost always bullish!๐
๐ก Pro Tip: Our rate futures are your golden ticket to monetize this view. Longer maturities = bigger potential gains.
๐ฎ Looking Ahead: Historical patterns suggest we might be gearing up for another epic run. Remember the last bull cycle? Funding rates went more vertical than your portfolio after a surprise listing!
So, frens, are you ready to capitalize on the next potential funding rate surge? So let's get started
https://t.co/1rmOARg6IO
Drop a ๐ if you're loading up on long-dated rate futures!
(Not financial advice. DYOR and trade responsibly... or don't)
@CryptoCred Having LONG for a long time costs almost nothing if using Rho Protocol.
1. Open Position Long on BTCUSD Perp
2. Open short on Funding rate futures on Rho.
@Matt_Zurich@BlastFutures@ethena@pendle_fi What a rollercoaster! Even $ENA chart look weird there.
Have you tried rho.protocol already?
there are no Funding rate futures for ethena(wherever it trades) but for the main CEX perps they have. Looks promising