Ethereum's open interest market share rises to its highest level since April 2023

According to PANews on July 29th, Glassnode published an article on the X platform stating that Ethereum's open interest has climbed to nearly 40% of the market, the highest level since April 2023. Historically, only 5% of trading days have had a higher share. This change marks a significant shift in speculative focus, with funds gradually flowing from Bitcoin to Ethereum.

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This content is for informational purposes only and does not constitute investment advice.

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Ethereum's open interest market share rises to its highest level since April 2023

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