on Ethereum (ETH) scheduled for mid-September. Merge Before the upgrade, ETH exceeded $ 2,000.
Merge upgrade, along with ETH price, Ethereum’It also increases its open positions in
In this context glassnode In his post on Twitter Ethereum The world’s largest cryptocurrency exchange for futures contracts open interest BinanceHe said he broke the record.
“Ethereum Futures Open Position reached an 8-month high of $3,103,501,977.07 in Binance history.
On August 13, 2022, the previous record 8-month high was observed as $3,091,962,814.04.”
📈 #Ethereum $ETH Futures Contracts Open Interest just reached a 8-month high of $3,103,501,977.07 on #Binance
Previous 8-month high of $3,091,962,814.04 was observed on 13 August 2022
View metric:https://t.co/vidXnCkWMH pic.twitter.com/dK9afvDyOy
— glassnode alerts (@glassnodealerts) August 14, 2022
In a report published by Glassnode on August 8, 2022, the open position in Ethereum in all markets is $ 6.6 billion. in Bitcoin (BTC) He stated that open positions are $4.8 billion.
Ethereum’s first time in history with $6.6 billion open interest BTCStating that it has left behind, Glassnode said that this situation ETH He said it is a result of its traders continuing to make clear and large investments in ETH ahead of the upcoming Merge merger.
In addition, stating that futures and options are retroactive after September, Glassnode said that it shows investors are preparing themselves for a “buy the rumor, sell the news” type of event for Merge.
Continuing its rise since July ETHsurpassed $2000 in anticipation of the Merge upgrade.
However, starting the week with a decline Ethereum According to CoinGecko data, it is trading at $ 1,907, down 4.5% in the last 24 hours.
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