Currently, #USDC is slightly off-peg, and after reviewing, there are no negative news factors.

Combined with the recent surge in #BTC and #ETH OI over the past 24 hours, #ETH even reached a historical high. It is speculated that the main reason is the surge in demand for #USDT in the futures market.

This also means that the current strong rebound is mainly driven by the futures market, with OI and prices rising together.

Waking up this morning, the OI of $BTC faced a liquidation, and the shorts were cleared out. However, the OI of $ETH remains at a historical high with no signs of retreat.