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Crypto Traders Interested In Shorting Ethereum Ahead Of The Merger

13 Sep, 20221 min readEthereum
Crypto Traders Interested In Shorting Ethereum Ahead Of The Merger

The Ethereum Merge has been facing issues with ‘58617786 P’ and the hash rate of 857 TerraHashes/sec. The problem has worsened as now crypto investors seem to be betting on Ethereum to fail the merge. The funding rate for perpetual contracts for Ethereum has reached its highest negative value since July 2021, which reveals that traders are looking to short Ethereum to secure themselves and hedge their risks. This has also led to negative funding rates.

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