Ethereum Open Interest Sets New Record, Analyst Says Fireworks ‘Guaranteed’

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Ethereum Open Interest Sets New Record, Analyst Says Fireworks ‘Guaranteed’ - NewsBTC

Quick Summary:

As has often happened in history, this rapid growth in the Ethereum Open Interest could once again lead into volatility for the asset’s price.“This is guaranteed for heavy fireworks,” notes Maartunn.

Ethereum Open Interest Has Shot Up Recently In a new post on X, CryptoQuant community analyst Maartunn has discussed about the latest trend in the Ethereum Open Interest.

Data shows the Ethereum Open Interest has recently observed a sharp jump to a new all-time high (ATH) of around $16.8 billion.