Ethereum (ETH) Futures Open Interest Soars to Record $23 Billion as Analyst Predicts ‘Heavy Fireworks’

Data shows that open interest on Ethereum derivatives contracts has recently exploded upward to a new all-time high of $23 billion, up from around $7 billion at the beginning of the year, in an upward move that one analyst suggest is “guaranteed for heavy fireworks.” According to data from CoinGlass, there are now $23 billion […] source: https://www.cryptoglobe.com/latest/2024/11/ethereum-eth-futures-open-interest-soars-to-record-23-billion-as-analyst-predicts-heavy-fireworks/