Sustained institutional demand is driving notable strength in Bitcoin and Ethereum, underlining continued confidence in these established market leaders.
This trend contrasts sharply with the outlook for other altcoins, which encounter heightened uncertainty due to comparatively limited institutional support.
A significant indicator of this institutional engagement is the record-high $52 billion open interest in Ethereum futures contracts. This surge is primarily fueled by significant activity on major exchanges Binance and the Chicago Mercantile Exchange (CME).
The substantial institutional flows into both Bitcoin and Ethereum suggest a deepening focus on these core assets as reliable components within sophisticated investment strategies.