⚠️ ETH funding rate is almost flat—Is this the calm before the storm?

The latest data from Coinglass is pretty interesting:

The 8-hour average ETH funding rate across the network is only 0.0017%—that number is so low it barely has a pulse.

Looking at the major platforms:
A leading exchange: -0.001% (bears have a slight edge)
Exchange A: -0.006% (shorts are actively buying)
Exchange B: 0.0006% (basically zero)

💡 What signals are hidden behind this?

First, both longs and shorts have reduced their positions to the extreme. With funding rates this flat, simply put, no one dares to add leverage—everyone is waiting on the sidelines.

The market now is like a fully drawn bow, just waiting for a clear direction. Will it break upward or crash downward? Nobody knows, so no one dares to make a move.