Ethereum Futures Open Interest Hits Record $41 Billion, Surpassing Bitcoin
The post Ethereum Futures Open Interest Hits Record $41 Billion, Surpassing Bitcoin appeared on BitcoinEthereumNews.com. Ethereum (ETH) futures open interest (OI) hit a record high (ATH) of $41 billion, overtaking Bitcoin ($BTC). This increase in open interest indicates traders’ confidence among investors and an increased interest in Ethereum, which suggests a possible bullish trend in the future. The analysts are now expecting more positive price action, some eyeing a price surge to $3,100 to $4,000. Record Open Interest Reflects Rising Market Confidence Ethereum open interest (OI) has witnessed strong growth, hitting an all-time high of $41.66 billion. This constitutes more than 12% of the total market cap, which shows the high involvement of investors. Source| X The change in open interest in the last 24 hours is 15.06%, which indicates that traders are increasingly taking positions in Ethereum futures as they speculate on its price trend. Growing futures open interest, surpassing Bitcoin, signals a change in market dynamics. Ethereum Outperforms Bitcoin and Other Layer 1 Blockchains Ethereum has had an outstanding performance in the last three months, surpassing Bitcoin and other Layer 1 (L1) cryptocurrencies. As per the current market statistics, ETH has surged 45.96%, leaving far behind Bitcoin, which has risen by 30.44% in the same duration. Other leading cryptocurrencies, including Solana ($SOL) and Binance Coin ($BNB), are also indicated in the chart as gaining 25.25% and 14.18%, respectively. Source| X Such a display highlights the strength of Ethereum in the market and increasing institutional demand. The current market performance indicates that the altseason has started, and ETH takes the lead. Scalable solutions and the growing ecosystem around Ethereum are also attracting more investors to the platform, especially with the drive by Ethereum to Ethereum 2.0 and layer-2 scalability using AggLayer. Whale Activity and Record Purchases Fuel Bullish Sentiment Adding to the bullish market outlook, BlackRock has also added $570 million worth of Ethereum…
The post Ethereum Futures Open Interest Hits Record $41 Billion, Surpassing Bitcoin appeared on BitcoinEthereumNews.com.
Ethereum (ETH) futures open interest (OI) hit a record high (ATH) of $41 billion, overtaking Bitcoin ($BTC). This increase in open interest indicates traders’ confidence among investors and an increased interest in Ethereum, which suggests a possible bullish trend in the future. The analysts are now expecting more positive price action, some eyeing a price surge to $3,100 to $4,000. Record Open Interest Reflects Rising Market Confidence Ethereum open interest (OI) has witnessed strong growth, hitting an all-time high of $41.66 billion. This constitutes more than 12% of the total market cap, which shows the high involvement of investors. Source| X The change in open interest in the last 24 hours is 15.06%, which indicates that traders are increasingly taking positions in Ethereum futures as they speculate on its price trend. Growing futures open interest, surpassing Bitcoin, signals a change in market dynamics. Ethereum Outperforms Bitcoin and Other Layer 1 Blockchains Ethereum has had an outstanding performance in the last three months, surpassing Bitcoin and other Layer 1 (L1) cryptocurrencies. As per the current market statistics, ETH has surged 45.96%, leaving far behind Bitcoin, which has risen by 30.44% in the same duration. Other leading cryptocurrencies, including Solana ($SOL) and Binance Coin ($BNB), are also indicated in the chart as gaining 25.25% and 14.18%, respectively. Source| X Such a display highlights the strength of Ethereum in the market and increasing institutional demand. The current market performance indicates that the altseason has started, and ETH takes the lead. Scalable solutions and the growing ecosystem around Ethereum are also attracting more investors to the platform, especially with the drive by Ethereum to Ethereum 2.0 and layer-2 scalability using AggLayer. Whale Activity and Record Purchases Fuel Bullish Sentiment Adding to the bullish market outlook, BlackRock has also added $570 million worth of Ethereum…
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