Ethereum Open Interest Near $60B as ETH Dey Near All-Time High
Ethereum derivative market dey hot as total open interest for futures and options dey near $60 billion, as ETH dey trade close to e all-time high of about $4,900. Futures open interest dey around $43 billion, while options contribute about $17 billion. Funding rate for major perpetual contracts remain small at 0.01% per day, and options put-call ratio stand at 0.6, show say market get bullish bias. Institutional volumes for CME ETH futures don jump 35% month-to-date. Traders dey favor bullish setups—especially call spreads—because spot demand dey strong ahead of key network upgrades. Market people suppose keep eye for funding spikes and liquidation levels to manage risk as volatility dey high.
Bullish
Di open interest dey increase reach near $60 billion as ETH price rally dey show sey people get strong belief say e go go up for both futures and options market dem. For history, wen derivative activity surge as price dey hit new high, e usually dey come before long uptrend wey dem dey drive with institutional money and spot demand wey dey grow. Even though high funding rate fit cause short correction, current moderate rate show sey risk still dey manageable. For short term, traders suppose ready for higher volatility and dey watch liquidation levels well well. For long term, steady open interest growth plus network upgrade dem dey support better outlook for ETH.