ETH funding rates overheating, signaling potential correction

The Ethereum (ETH) funding rate on Bitmex has become significantly positive, entering an overheated phase, according to a CryptoQuant post by crypto analyst Amr Taha. He noted that the ETH funding rate on Binance has also shifted from negative to neutral. Taha explained that historically, elevated funding rates driven by excessive leverage have increased the risk of short-term corrections rather than signaling a sustained upward trend.