币界网报道：[Matrixport: Leverage is the main driving force behind the current Ethereum price trend] According to a report by Bijie.com, Matrixport released a daily chart analysis saying that Ethereum's funding rate has soared to 13.7% - the highest level since February, which usually attracts inflows of funds from Ethereum ETFs, and such inflows are usually seen as a positive signal. However, the more important signal is that the volume of open futures contracts is approaching the peak in December 2024, indicating that leveraged futures traders rather than spot buyers are the main driving force behind the current price trend. This is in stark contrast to Bitcoin, where spot demand remains the main driver. Exacerbating this situation is the surge in call option buying, and the resulting gamma hedging is introducing significant gap risk to ETH price trends. The market is becoming increasingly fragile and extremely sensitive to further momentum changes.