🚨$ETH /USDT LEADS FUTURES MARKET COMEBACK — ALTCOIN OI NEARS $45B 🚨
Ethereum is driving a strong rebound in the futures market.
According to Glassnode, Futures Open Interest across ETH, XRP, SOL, and DOGE has surged back to $44.5 billion, nearly matching last week's peak. Ethereum led this recovery with the most significant movement, while Solana and XRP remained steady. Dogecoin showed minimal volatility.
Glassnode also reported that Ethereum's Perpetual Futures Volume has now surpassed Bitcoin’s for the first time since the 2022 cycle bottom. This signals a major shift in speculative focus toward the altcoin sector.
An increase in Open Interest typically points to rising market volatility. With Ethereum attracting the most leverage, it could be the first to experience sharp moves, whether upward or downward.
Speculators are back in the market, and Ethereum is at the center of attention.
