Summary
- The open interest in Ethereum (ETH) futures has reached a record high of $35.5 billion.
- Glassnode reported that leverage ratios across exchanges are increasing, raising the likelihood of price volatility.
- On the Binance USDT market, Ethereum is trading at $4,670, up 9.09% from 24 hours ago.
The open interest in Ethereum (ETH) futures has reached an all-time high.
On the 13th (local time), Glassnode announced via X (formerly Twitter) that “Ethereum futures open interest has hit a record $35.5 billion, reaching an all-time high.” They added, “With increasing leverage across exchanges, the likelihood of price volatility is rising.”
As of 8:36 PM, on the Binance USDT market, Ethereum is trading at $4,670, up 9.09% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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