Open positions that could trigger a price increase in Ethereum, which attracted attention after the approval of the Spot Bitcoin ETF, reached an all-time high.
Interest in perpetual futures trading on Ethereum has been on a steady rise since the beginning of this month. According to data from CoinGlass, Ethereum open positions on all exchanges are currently $10.1 billion exceeded.
According to the data on the cryptocurrency derivatives exchange Deribit, Ethereum perpetual futures transactions exceeding 690 million dollars reached an all-time high.
This increase means that price expectations for Ethereum have increased.
It is predicted that the increase in open positions may have been caused by investors who made spot investments in order to protect themselves from risk or by expectations for a potential price increase.
In The Block data Binance, OKX, Bybit And at CME It is observed that the positions traded are also increasing. Value of Ethereum perpetual futures positions on Binance 3 billion dollars It is located around.
It is estimated that this situation may trigger a large increase in price.
According to CoinGecko data, Ethereum, at the time of writing 2,777 It is traded in dollars.