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Data shows the Ethereum derivatives market Open Interest has hit a new all-time high (ATH) following a surge in trader positioning.
Ethereum Open Interest Has Crossed $30 Billion
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As explained by CryptoQuant community analyst Maartunn in a new post on X, the Ethereum Open Interest has seen a rise recently. The “Open Interest” here refers to an indicator that keeps track of the total amount of derivatives positions related to ETH that are currently open on all centralized exchanges. It includes both long and short bets.
When the value of the indicator registers an uptick, it means the investors are opening up new positions on the market. Generally, the total leverage
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