Key takeaways:
- Ether derivatives metrics flip to a heavily bearish bias as cascading liquidations cut off a relief bounce.
- A critical ZCash bug discovered by AI triggers widespread fears of contagion, driving a contraction in Ethereum TVL.
Ether (ETH) plummeted to a 13-month low of $1,540 on Friday, following the bearish trend across the broader cryptocurrency market. Traders now fear a deeper price correction, given weakness in ETH derivatives metrics and heightened risk after a bug was found in the Zcash blockchain.
ETH perpetual futures annualized funding rate. Source: Laevitas
The Ether futures annualized funding rate flipped negative on Friday, indicating increased demand for short positions. Even with ETH trading 67% below its all-time high from August 2025, confidence among bulls…
more
Source cointelegraph.com
FTC: We use income earning affiliate links. More on Sposored links.
Terms of use and third-party services. More here.
Terms of use and third-party services. More here.