QCP Asia Analysis: Ethereum Perpetual Contract Open Interest Hits $28 Billion Amid Altcoin Seasonal Index Surge
Main Idea
Ethereum perpetual contract open interest hits $28 billion amid a surge in the Altcoin Seasonal Index, indicating growing market activity in the broader crypto ecosystem.
Key Points
1. Ethereum perpetual contract open interest reached $28 billion within a single week.
2. The Altcoin Seasonal Index surpassed 50, signaling increased market activity.
3. QCP Asia provided the data highlighting this uptick in the crypto market.
Description
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$ETH
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