#ETH5kNext? ETH Futures Hit Record $35.5B as Traders Brace for Volatility
Foresight News, citing Glassnode data, reports that ETH futures open interest has soared to an unprecedented $35.5 billion. Leverage has been steadily rebuilding across exchanges, creating a pressure-cooker environment where concentrated positions could trigger sharper market swings. On August 12, the market witnessed the year’s second-largest short liquidation, with roughly $66 million in ETH shorts wiped out — a stark reminder of the risks in this high-stakes trading climate.