đ„ $ETH Futures Open Interest Hits New Highs
Ethereumâs futures open interest just surged to levels we havenât 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:
đŽ More traders are entering leveraged positions
đŽ Momentum is building bulls are pressing forward
đŽ But rising open interest also means risk of liquidation squeezes
Zoom Out:
From mid-April lows to now, ETHâs open interest has more than doubled and price followed step by step.
Watch closely:
đIf OI keeps rising with price â strong bullish continuation
đIf OI spikes but price stalls â be cautious of potential long squeeze
ETH is heating up and the derivatives market is backing it.
