📈 #ETH CQ: CME Open Interest hits ATH by $8.3 billion
1. Momentum indicator
Historically, rising open interest ahead of price moves can signal upcoming volatility—either upward rallies or corrections .
2. Institutional inflection point
The spike underscores Ethereum's growing importance in institutional portfolios. The combination of ETF demand and derivatives activity can fuel sustained momentum .
3. Bullish confidence amid price softness
Interestingly, this record OI emerged despite broader crypto market downturns. Ethereum’s ability to hold above ~$4,300 (price up ~4%) suggests resilience .
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Summary Table
Date CME ETH Open Interest Notes
Late July 2025 ~$7.85 billion Previous record level
Aug 20, 2025 ~$8.3 billion New all-time high