Quant Explains How Whales Moved Before And After Ethereum Merge

A quant has explained how the movement of whales differed between before and after the Ethereum merge went live.
Ethereum Funding Rates Reached An All-Time Low Just Before The Merge
As pointed out by an analyst in a CryptoQuant post, a lot of ETH investors bet on the price going down around the merge’s completion.
The relevant indicator here is the “funding rate,” which measures the periodic fee that perpetual futures contract traders exchange between each other.
When the value