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Crypto Traders Interested In Shorting Ethereum Ahead Of The Merger

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 13, 2022

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The Ethereum Merge has been facing issues with ‘58617786 P’ and the hash rate of 857 TerraHashes/sec. The problem has worsened as now crypto investors seem to be betting on Ethereum to fail the merge. The funding rate for perpetual contracts for Ethereum has reached its highest negative value since July 2021, which reveals that traders are looking to short Ethereum to secure themselves and hedge their risks. This has also led to negative funding rates.

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