The negative gap between futures and spot markets on Ethereum (ETH) nearly closed after the Merge update.
Ethereum network From the Proof of Work system (PoW) Proof-of-Stake system (PoS) prior to Merge update spot market price and futures market price between $20 price differences occurred. The price difference, which increased towards the update, quickly closed after the update and almost to 0 landed.
In the general functioning of the market It is customary for futures markets to have higher prices than spot markets. is a situation. However, in Ethereum, investors can benefit from airdrops in case of a possible fork. use to be uploaded to the spot market for to hedge They take short positions in the futures markets for the Ethereum futures market in a 1-month term. at low prices caused the transaction.
Deribit and many other crypto exchanges received ownership records of Ethereum during the update, so Ethereum owners 1:1 rate ETHPOW (ETHW) token stated that he did. Deribit CCO Luuk Strijers Speaking to Coindesk, he made the following statements on the subject:
The gap between futures and spot trades opened up to $20. This is a nice indicator of the potential value of ETHPOW.
Spot ETH they bought on loan right after the merger returner or hedge transactions opened in the futures market closing users, the difference between markets almost to 0 caused.
At the time of writing Ethereum spot in the markets 1582.78 from dollars term in the markets 1582.35 traded in dollars.