Ether’s futures reach a historical volume, driven by investor enthusiasm and institutional adoption. In turn, global open interest remains close to maximum.
The Ether futures (ETH), Ethereum’s native cryptocurrency, marked a new milestone in July, with a total volume of operations that exceeded US $ 2 billionwhich represents an intermensual increase of almost 40%. This record reflects the growing interest and fever generated by the asset in financial markets.
In the Mercantil de Chicago (CME), The monthly volume of ETH futures reached US $ 118,000 million, An 82% increase compared to June, while open interest (OI) rose 75%, to 5.210 million dollars. The OI indicates how many futures contracts remain active; An increase suggests that more new positions are opened that close, which reflects more activity and liquidity in the market.
The bullish trend is not limited to the CME: the total volume of ETH futures in all exchanges reached US $ 2 billion, exceeding the previous 1.8 billion record recorded in May 2021. Global open interest remains close to historical maximums, With US $ 36.3 billion to August 9, according to The Block data.
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Gentileness: Beinrypto
Ethereum exceeded US $ 4,000
The strong volume and institutional adoption promoted Ether’s price to exceed US $ 400, its highest level since December 2021. However, another relevant fact arises from Cryptoquant: the short positions of ETH in Binance have grown 500% since November 2024, with a 40% increase only the last week.
Short positions are downward betsin which traders sell contracts that must be repurchased later at lower value. According to Cryptoquant analysts, a fast ETH rebound could force the closure of many of these short positions, generating an additional upward impulse in the price of the asset.
Source: Ambito
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