BitMEX Founder: “ETH, Highlight Selling price Expected to Rise Soon after Productive Merger”

BitMEX co-founder Arthur Hayes tweeted on the 12th, “The Ethereum (ETH) merge (PoS conversion) has been effectively accomplished, and traders who have been protecting their location holdings with shorter positions in the futures market place have opened their positions. If they do, the upward pressure will intensify.” In this regard, he mentioned, “In the most important Ethereum (ETH) futures sector, there is even now a backward phenomenon to be viewed in which futures rates are decreased than place costs. This downward stress is mostly driven by trader ‘hedge’ volumes, and the stress is now pointing upwards. If the Ethereum mainnet merger on September 15 goes efficiently, good moves will direct to an immediate price tag increase.” Centered on CoinMarketCap, ETH is at present buying and selling at $1,876.21, down .76%.

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