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Ether Funding Rates Revert to Normal Days After Successful Merge

As such, similar levels were last seen in June 2021 and followed by a massive short squeeze in July, but such market dynamics did not occur during September. A short squeeze refers to a sharp price increase that forces traders who had sold a borrowed asset in anticipation of repurchasing it at a lower price – a strategy known as shorting – to close out their positions, usually leading to a further increase in prices.