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Eth Futures Open Useful interest strikes new, exceeding $ 41 billion

ETHEREUM (ETH) not only climbing the price; It also places herself in the axis of the huge derivative play, as data from Coinglass that shows Eth Futures Open Open (OI) increased historically, exceeding $ 41 billion.

This parameter coincided with the main resistance levels of Ethereum breaking and greatly outperformed Bitcoin (BTC) in the size of derivative trading.

Details tell a convincing story

According to Coinglass, in the past 24 hours, Eth Futures OI 6.14 % jumped to 41.66 billion dollarsBased on a steady upward trend that started in early May when the scale reached a little more than $ 21 billion. The previous highlands were recorded at $ 37.66 billion on June 10 and 35.87 billion dollars on June 3.

The last height is also not isolated. In the last 24 hours, the size of ETH derivatives increased by approximately 33 % to $ 109.28 billion, exceeding $ 77.22 billion from BTC in the same period.

Binance dominated the scene, with $ 7.59 billion from ETH OI and $ 27.88 billion in size. This was followed by a gate, with $ 5.71 billion from OI, with Bitget and BYBIT holding $ 4.33 billion and $ 3.90 billion, respectively.

It is worth noting that the long/short account rate on Binance was 1.20, which indicates the upscale feeling, while the major traders were strongly long with the position of more than 3.0.

However, the increasing financial lever also made volatility. Over the past day, $ 124.5 million of ETH positions, $ 77.6 million in short pants, and $ 46.9 million in a long time, has been liquidated, while highlighting the risks that accompany this aggressive commercial activity.

Reverse the movement of price stakes

Development comes against the background of a strong prices for the second largest encrypted currency depending on the maximum market. As mentioned earlier by CryptopotatoThe assets reached their climax for a short period of $ 2,822 on June 11, which represents a 15 -week increase. It also indicates a decisive outbreak of a higher level of resistance, which costs $ 2700, which has achieved gains for several weeks, which paves the way for running towards a psychological barrier worth $ 3500.

At the time of writing this report, ETH was trading of about $ 2766, an increase of 4.7 % during the past seven days, just surpassing the wider coding market by 4.5 % in the same time frame.

Altcoin momentum is supported by more than just noise. Market monitors were martyred with major stimuli such as Vitalik Buterin, which was recently unveiled by the road map and organizational clarity on financing and decentralized financing (SEC) to improve ETH performance.

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