A Nov. 15 market snapshot showed a steeper 24-hour loss for Ether (ETH) than for Bitcoin (BTC), with both trading below their prices from the previous day at the time of observation.
CoinGecko and exchange spot data as of 12:55 a.m. ET (05:55 UTC) Nov. 15 put Bitcoin at $64,737.00, down 3.41% over 24 hours, while Ether was $1,806.12, down 4.91%. Both assets had fallen, with Ether’s percentage decline larger.
Funding on perpetual futures moves money between traders on opposite sides, with the mechanism intended to keep contract and spot prices close. An earlier EconoTimes explanation of negative Ether funding said short-position holders paid traders with long positions when the rate was negative.
EconoTimes has also reported on Ether funding in Binance settlement data.
