ETH Open Interest Hits Record High

Explore the provided link to ensure a consistent profit in Binance futures trading: https://telegram.me/binancefuturesignal.

Compared to 2021, Ethereum’s current OI shows a significant rise in market speculation and leveraged positions.

Ethereum’s Open Interest (OI) on Binance has surged to a record $8.7 billion, which indicates a significant increase in speculative positioning on the platform.

This represents a dramatic rise compared to the 2021 bull market, when ETH traded at similar price levels but OI on Binance peaked at only $2.5 billion.

Ethereum’s Market Is Heating Up
In its latest analysis, CryptoQuant revealed that the current figure, nearly 3.5 times higher, highlighted the growing appetite for leveraged exposure in Ethereum’s market. Despite this surge in OI, funding rates, interestingly, remain neutral, indicating that traders are not yet heavily biased toward long or short positions.

The lack of directional conviction hints at room for further buildup in positions without triggering immediate liquidation pressures. The increase in OI, paired with neutral funding, paints a picture of cautious but growing speculative interest.

With the broader crypto market trending upward, these conditions may support a steady rally in the leading altcoin’s price, potentially accompanied by increased volatility.


MYX/USDT has covered all the targets to give a Profit of 38%

The infrastructure of the Binance Futures platform mirrors that of their spot trading exchange, Binance.

Integrating our Cornix trading Bots with your Binance Futures account is a swift and straightforward process. Configuration takes only a few minutes, and importantly, you won't need to grant withdrawal permissions to anyone.

Leverage the Binance Futures Cornix trading Bot for daily profits.

Comments

Post a Comment

Popular posts from this blog

BTC forecast $100K breakout or $88K pullback

Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades –  https://telegram.me/progrouptraders Glassnode also says BTC’s rally faces a setback from low activity below $88K, hinting at a possible correction before it climbs above $100K. Bitcoin’s recent explosive price action has resulted in a significant surge in profit-taking among long-term holders (LTHs). According to a review by Glassnode, the LTHs have realized $2.02 billion in daily profits, eclipsing the figure recorded in March 2024 and marking a new all-time high (ATH). Big profits made from this call Our team is the best in the trading market, with a deep understanding of market behavior and trends. We have a skilled team of full-time crypto traders who are experts in market analysis and trading. Visit the link above to see our stats, the accuracy of our signals, and testimonials from our members.
Read more

Ethereum price looks to make a new 2020 high!

Image
Visit us for crypto trading strategy, world class Binance Futures Bot, Futures Leverage Bot, Binance Futures and assistance on crypto trading -  https://t.me/binancefuturesignal Ethereum price looks to make a new 2020 high as Bitcoin bulls fight to hold BTC price above $9,600. #ATOMUSDT has completed the 3rd profit target with 25% Profit for all Elite members We have small as well as huge type of traders in our Binance Futures Group. It is very easy to grow your Binance Futures account by being part of our Community. Make profit on Binance Futures by using our Signals and Bot. Kindly join our FREE Binance Futures Group to get all the benefits as our existing members are already getting it.
Read more

3 Factors Could Block Bitcoin All-Time High in 2025

Image
Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades –  https://telegram.me/progrouptraders Despite bullish tailwinds, Bitcoin may not reach an all-time high this year if these things happen first.  Bitcoin and crypto markets could face headwinds preventing new peaks if certain scenarios play out, wrote Bitcoin researcher and author Timothy Peterson. The economist provided the analysis to counter his bullish prediction that BTC could reach $135,000 in the next three months or so. Continued poor or declining sentiment could impact crypto markets should things not improve soon. The UMich consumer sentiment survey is bad, trending worse, while the AAII investor sentiment is 20% bullish, 60% bearish, “a huge gap and also trending worse,” he observed. Meanwhile, the NAAIM Equity Exposure index is a respectable 60% allocation to equity, “but still well below the 80% associated...
Read more