According to BlockBeats, on July 9th, data from Coinglass revealed a significant increase in the number of unliquidated positions in global ETH futures contracts. The total number of unliquidated positions stood at approximately 4.07 million ETH, equivalent to about 12.48 billion USD. This represented a 24-hour increase of 5.98%.
The data indicates a growing interest in ETH futures contracts among investors. The increase in unliquidated positions suggests that more investors are holding onto their contracts, possibly in anticipation of a rise in the value of ETH. This could be a sign of increased confidence in the cryptocurrency market, particularly in ETH.
However, it's important to note that the futures market is highly volatile and subject to rapid changes. Investors should therefore exercise caution when trading in ETH futures contracts. Despite the recent increase, the market could still experience sudden drops in the future.