ETH Open Interest Reaches Record High Amid Price Surge, But Demand for Leveraged Positions Remains Weak
Main Idea
Ethereum's price surged to $4,518, but derivatives data shows weak demand for leveraged bullish positions, raising concerns about sustainability amid competition from layer-1 chains.
Key Points
1. Ethereum's price reached $4,518, a 32% increase, but leveraged long interest remains subdued.
2. ETH futures open interest hit a record $60.8 billion, up from $47 billion the previous week.
3. The ETH perpetual futures annualized premium stands at 11%, indicating neutral market sentiment.
4. Total value locked (TVL) on Ethereum declined by 7% over the past month, signaling reduced network activity.
5. Layer-1 chains are gaining traction among corporations, posing increased competition to Ethereum.
Description
Ethereum (ETH) recently surged to $4,518, but derivatives data indicates weak demand for leveraged bullish positions, raising questions about the sustainability of this rally. ETH open interest reached a record
Latest News
- Bitcoin’s Long-Term Holder Trends May Indicate Future Market Shifts and Impact Price Movements2025-08-13 00:06:38
- BlackRock’s iShares Ethereum Trust Drives Record $1 Billion Inflow, Indicating Growing Institutional Interest in Ethereum2025-08-13 00:00:13
- Experts Question 0.01% Bitcoin Ownership Statistic Amid Data Discrepancies and Market Implications2025-08-12 23:53:29
- Tron and Tether Enhance Crime-Fighting Efforts with Binance Amid Rising Crypto Hack Challenges2025-08-12 23:41:42
- Bitcoin Price Target Rises to $137,000 Amid Increased Odds of Federal Reserve Rate Cut2025-08-12 23:25:07