Ethereum open interest peaks, a crash may be imminent
Ethereum futures open interest has hit a new all-time high, but data shows that this feat is usually accompanied by a plunge in ETH price.
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Ethereum futures open interest has hit a new all-time high, but data shows that this feat is usually accompanied by a plunge in ETH price.
Institutional interest surges ahead of Ethereum's major upgrade in mid-March. Futures market hits all-time high, driven by confidence and anticipation.
Altcoins, led by Solana, XRP, and Dogecoin, have surpassed Bitcoin in open interest, marking a significant shift in the derivative market. Altcoins now command 41% of the market's open interest, totaling $12.22 billion, while Bitcoin's dominance has decreased to 39%. Ethereum also trails behind, despite increased funds in its futures market. The altcoin market, with a 66% volume dominance, is reshaping investor portfolios, showcasing a paradigm shift in cryptocurrency dynamics.
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The crypto options exchange is also looking to obtain broker licenses in UK, Brazil, and Singapore.
While the publication of technical papers will help, OMA3 leaders say consumer adoption will be key.
OMA3 will focus on proposing standards and facilitating collaboration between various stakeholders of Web3 and other industries.
Ethereum has seen more interest in recent days. Most of it has come from the price decline of the digital ...
Bitcoin open interest has been on a downtrend recently. This is not surprising given that the price of the digital ...