๐ช $ETH /USDT โ Optimism Amid Falling Open Interest
During the recent correction, open interest (OI) on CME ETH futures dropped by 30% โ and thatโs actually a bullish signal.
๐ The lower the OI, the less overheated the market becomes. Right now, most traders are in futures, giving market makers plenty of room to hunt stop losses.
๐ Once OI drops even further, ETHโs price action is likely to stabilize and grow more sustainably.
