Ethereum open interest tops $24.5 B as traders chase rally

Ethereum’s derivatives market is showing clear signs of speculative overheating, with leverage ratios, open interest, and funding rates all rising. The last 30 days have seen ETH rally more than 24%, triggering a sharp expansion in derivatives exposure that now surpasses $24. 5 billion in open interest, its all-time high. This has pushed the estimated leverage […] The post Ethereum open interest tops $24 source: https://cryptoslate.com/ethereum-open-interest-tops-24-5-b-as-traders-chase-rally/