Ethereum Open Interest Soars As Whales And ETFs Drive Market Activity

Ethereum Open Interest Soars As Whales And ETFs Drive Market Activity

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Source: TheMerkle.com

In the past three weeks, Ethereum’s open interest has surged by approximately $1.5 billion, signaling increased activity in leveraged trading and accompanying volatility.

On-chain reports reveal that a major whale deposited 25,800 ETH, valued at $87 million, into Binance today.

#Ethereum Open Interest data has increased by approximately $1.5 billion in the last 3 weeks

“As leveraged trading increases, liquidations become inevitable. This, in turn, brings high volatility. Therefore, I believe

Read More https://themerkle.com/ethereum-open-interest-soars-as-whales-and-etfs-drive-market-activity/

The post "Ethereum Open Interest Soars As Whales And ETFs Drive Market Activity" appeared first here TheMerkle.com.

Source: TheMerkle.com

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