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Merge-Focused Hedging Makes Ether Shorts Most Expensive in 16 Months

Some traders appear to hedge their ETH bullish exposure in case the Merge has any technical issues, driving the cost of holding bearish bets higher.

By Omkar Godbole

Updated May 11, 2023, 4:39 p.m. Published Sep 14, 2022, 10:01 a.m.

Ether's funding rate slide, indicating a surge in the cost of holding short positions. (Arcane Research)