Ethereum Funding Rates Plunge to FTX Collapse Levels as $2.5B Liquidations Shake Crypto Markets

TLDR: Ethereum absorbed $1.1 billion in liquidations as total crypto market lost $470 billion over three days.  Binance ETH funding rates dropped to -0.028%, levels last seen during the FTX collapse in November 2022.  Aggregated funding rates across exchanges hit -0.078%, signaling extreme bearish positioning in derivatives.  Market remains in cleansing phase as geopolitical tensions [...]

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