Open interest for Ethereum options has surged to $13.75 billion, signaling robust market activity and edging close to its previous peak of $14.6 billion recorded in March of last year.
Major cryptocurrency derivatives exchanges, including Deribit, alongside prominent analytics firms Glassnode and Laevitas, have verified this substantial increase.
Glassnode co-founders Jan Happel and Yann Allemann specifically highlighted the trend, pointing to the significant rise in trading volume surrounding ETH options.
This surge in open interest reflects heightened strategic maneuvering among investors and potential financial adjustments taking place within the cryptocurrency markets.
Analysts interpret the data as indicating increased participation in Ethereum options trading from both institutional and retail investor segments.