ETH Open Interest Reaches ATH, Signaling Potential for Further Gains

Ethereum’s perpetual futures trading volume share hit a historic high of 67% over the past week. In other words, two-thirds of all crypto perpetual futures trading involved Ethereum. This indicates that crypto investors are unusually favoring high-risk investments, even amid a market downtrend caused mainly by concerns over rising US inflation. BTC-ETH Open Interest is Very Close Glassnode released its weekly report, “A Derivatives-Led Market,” on Wednesday source: https://beincrypto.com/eth-open-interest-reaches-ath-signaling-potential-for-further-gains/