Ethereum Funding Rates Sink to FTX-Era Extremes as Liquidations Accelerate

Ethereum derivatives markets have entered a zone historically associated with systemic stress, as funding rates on Binance collapsed to levels last seen during the FTX collapse. The move followed a sharp, liquidity-driven sell-off across crypto markets, triggered by rising geopolitical tensions between the United States and Iran and a broad risk-off shift across global assets. source: https://www.ethnews.com/ethereum-funding-rates-sink-to-ftx-era-extremes-as-liquidations-accelerate/