The unclosed contracts of Ethereum futures surged in the $ETH period, with large funds entering the market crazily. Is ETH about to do something big?
As of June 22, the unclosed contracts of Ethereum futures soared to $29.5 billion, an increase of 96% in the last 30 days, nearly doubling! In the same period, the unclosed contracts of Bitcoin futures were $84.77 billion, but the increase was only 23.8%, clearly lagging behind Ethereum.
Looking at the chart, the ETH price has been rising since May, while the unclosed volume suddenly surged after mid-June, directly breaking through the historical high. This indicates that a large amount of capital is entering the market to bet on future trends, whether bullish or hedging, institutions or large funds are taking action.
Now, three signals are particularly obvious:
First, the U.S. has just passed legislation related to stablecoins, improving the compliance environment. ETH, being the main chain for stablecoins like USDC and DAI, is certainly going to benefit;
Second, there are widespread rumors that ETH spot ETFs will be approved, and funds are positioning themselves in advance;
Third, although Bitcoin is still the leader, ETH has been rising more sharply lately, and the unclosed volume is increasing faster, indicating that money is starting to flow into the 'second track.'
In summary, Ethereum's futures data is extremely hot right now, combined with favorable policies and ETFs, it is likely to become the core of the next market trend. However, with leverage piled up so high, be careful when trading, always set stop losses, and prioritize safety!
Brothers, the next wave of positioning has already begun. While you are still watching, others are already making money.
