ETH futures open interest hits a record high of approximately $35.5 billion
According to a report by Jinse Finance, citing charts released by @glassnode, Ethereum (ETH) futures open interest has reached a record high of approximately $35.5 billion, while the spot price has climbed above $4,590. Leverage levels across trading platforms have risen again, and as position concentration increases, this sets the stage for greater volatility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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