๐Ÿ“ˆ Ethereum Overtakes Bitcoin in Open Interest, Hits Record $58 Billion!



Ethereum (ETH) made history in July by reaching $58 billion in open interest, surpassing Bitcoin (BTC) for the first time. The spike reflects growing confidence from institutions and whales, especially within DeFi and smart contracts.

๐Ÿ“Š Derivatives activity on CME also surged, with ETH hitting $7.85 billion, a sign of heavy participation from major financial players.

โš ๏ธ However, the buildup of leverage raisesconcerns of mass liquidations, potentially triggering a sharp market correction.

๐Ÿ’ฌ โ€œOpen interest is at an all-time high. Leverage is stacking. This isnโ€™t a normal rally.โ€ โ€“ Merlijn The Trader

๐Ÿ‘‰ Disclaimer: Not Financial Advice (NFA). Do Your Own Research (DYOR).#Show My Alpha Points #ETH ETF Sees 12 Weeks of Inflows
ETH2,32%
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