ETH Futures Open Interest Hits All-Time High, Reaching $14 Billion
CryptoNewsTerminal Staff21 May, 2024
ETH Futures Open Interest Hits All-Time High, Reaching $14 Billion
Ethereum futures open interest has reached a record high, surpassing $14 billion according to data from CoinGlass as reported by WuBlockchain, a blockchain data platform. This surge in futures open interest indicates growing institutional interest in Ethereum. Despite the decline in spot trading open interest, which currently stands at 3.83 million ETH, the overall bullish sentiment in the Ethereum market remains strong. The all-time high in futures open interest suggests that market participants anticipate further price increases for ETH
