BlockBeats news, on July 20, according to data from Coinglass, market participants continue to increase their bets on Ethereum's trend, the total outstanding ETH futures positions have maintained an upward trend for over a month, after breaking the $50 billion mark on July 17, today it has again surpassed $52 billion, setting a new historical high.
Current outstanding contract positions report 14.31 million ETH, approximately $52.14 billion, with a 24-hour increase of 0.74%. Among them:
Binance Ethereum contract outstanding positions are $9.33 billion, ranking first
CME Ethereum contract outstanding positions are $6.81 billion, ranking second
1. Data explosion, institutions are coming in!
Total outstanding ETH futures positions across the network have soared to $52.14 billion, 14.31 million ETH, increasing by 0.74% in 24 hours, with historical highs being continuously broken! More critically, the CME Chicago Mercantile Exchange with $6.81 billion in positions has plummeted to second globally, traditional capital giants have blatantly revealed their cards — Ethereum has officially become an institutional battlefield, and the tide of compliance is unstoppable!
2. Binance's $9.3 billion position hides secrets, the ultimate game of ETH spot ETF!
Binance's $9.33 billion position firmly ranks first, but CME's madness is the real bomb! The SEC's final ruling on the Ethereum spot ETF is counting down this month, and the surge in CME positions equals Wall Street betting real money on the ETF approval. If approved, a trillion-dollar influx will instantly explode ETH liquidity, and a historic short squeeze is imminent!
3. Behind the leverage frenzy, undercurrents are surging!
After the outstanding positions broke through $50 billion, they continue to rise, and the market has entered an extremely greedy state. But beware of high positions + price stagnation = volatility bomb! Once the ETF results are out or macro black swans strike like the Federal Reserve's July meeting, a hundred billion-level long and short duel will trigger epic fluctuations. Retail investors should remember to eat meat with whales, but don't get strangled by leverage!
4. ETH target aiming at $4000
ETH firmly stood at the critical neckline of $3100, the funding rate is not overheated and the perpetual contract rate is neutral, the uptrend is healthy, whales are accumulating spot, on-chain data shows that the number of addresses holding over 100,000 ETH increased by 5.3% this month!
Once the ETF green light is on, ETH will violently break through the previous high, targeting $4000!
Analysis by Lei Ge:
Brothers, look at the data! The total outstanding ETH futures positions across the network have surged to $52.1 billion! What does that mean? It's equivalent to 14.31 million ETH locked on the betting table, increasing every day! The key point is, Binance alone accounts for $9.3 billion, ranking first globally, but even more fierce is the CME Chicago Mercantile Exchange, Wall Street's favored child, with positions soaring to $6.8 billion, ranking second globally! Traditional financial giants have rolled up their sleeves and entered the market!
Lei Ge's view:
Why is this explosive? Last year, before the Bitcoin ETF was approved, CME's Bitcoin positions were also skyrocketing! As a result, once the ETF was approved, Bitcoin took off directly! Now the same script is playing out for Ethereum! At the end of July, in just a few days, the SEC will decide on the Ethereum spot ETF, and this $6.8 billion from CME is Wall Street big shots voting with their money, betting that the ETF will definitely pass! Once approved, $100 billion will flood in, and ETH prices could soar like a rocket; just think of last year's market after the Bitcoin ETF!
Lei Ge's summary:
The opportunity is huge, but the risks are also frightening! ETF approval + whale accumulation, ETH breaking through $4000 is not a dream! The technical aspect has also just broken through a key position, and the trend is very strong. What if the ETF is not approved? Or what if the Federal Reserve raises interest rates in a few days? With so many betting positions piled up, any black swan could plunge the market into a deep pit!
Short term: Before the ETF results come out, don’t add leverage recklessly! Better to miss out than to get liquidated!
Long term: Hold the spot! Whales and institutions are bottom-fishing, holding ETH steadily will not result in losses!
Follow Lei Ge, don’t eat fish tails, only eat fish bodies! Forward this message, and three people will win 0.01 ETH!