In today’s briefing:
- Post-Merge Market Mayhem
Post-Merge Market Mayhem
- Price Movements: ETH is down 25% on the week despite the successful completion of the Merge.
- Market Liquidity: The U.S. dollar remains the dominant fiat currency in crypto, possessing 70% of total fiat trade volume.
- Derivatives: ETH funding rates have returned to neutral after dipping to all time lows of less than -0.4%.
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