🔥 $ETH Futures Open Interest Hits New Highs

Ethereum’s futures open interest just surged to levels we haven’t seen in months now over $50B, with price climbing past $3.5K.

This kind of spike in open interest alongside price action often signals strong conviction behind the move and potentially more volatility ahead.

What it means:

🔴 More traders are entering leveraged positions

🔴 Momentum is building bulls are pressing forward

🔴 But rising open interest also means risk of liquidation squeezes

Zoom Out:

From mid-April lows to now, ETH’s open interest has more than doubled and price followed step by step.

Watch closely:

🌟If OI keeps rising with price → strong bullish continuation

🌟If OI spikes but price stalls → be cautious of potential long squeeze

ETH is heating up and the derivatives market is backing it.