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$
ETH
futures open interest (cash-margined) just hit a new all-time high - topping $20B. Despite a slight pullback from the $2.8K levels, leverage continues to build as traders load up using stablecoins.
#ETH
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ETH
2,513.62
-8.73%
31
0
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Liquidity is what keeps #Bitcoin moving. How it's flowing determines price stability, execution quality, and market resilience. Join our webinar with Avenir Group where we'll unpack the latest trends in $BTC liquidity from on-chain and macro perspectives: https://glassno.de/4l4cjs5
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Despite the recent pullback, #Bitcoin remains above most major short-term cost basis levels. As of June 11: 🔸1w CB: $106.2K 🔸1m CB: $105.2K 🔸3m CB: $98.3K 🔸6m CB: $97.0K As most short-term holders are still in profit, the top-heavy risk seems limited.
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$ETH options activity continues to tilt bullish. 🔹Put/Call OI ratio holds near lows at 0.43 🔹Put/Call volume ratio drops to 0.63 The skew in favor of calls signals rising speculative interest in upside exposure — reinforcing the bullish sentiment seen across the vol surface.
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$ETH options skew has flipped sharply bullish in the past 48 hours. 🔹1-week skew: 🔺from -2.4% → -7.0% 🔹1-month skew: 🔺from -5.6% → -6.1% The deepening negative skew suggests rising demand for short-dated calls, as traders position for further upside.
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Over the past 48 hours, #ETH's short-dated options have repriced sharply higher: 🔹1-week IV:🔺from 65.2% → 79.0% 🔹1-month IV:🔺from 66.4% → 72.1% This steepening vol term structure reflects rising demand for near-term protection or upside exposure as $ETH breaks out.
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