What Do 4 Different Futures Market Metrics Say About Ethereum?
Let’s proceed with data-driven insights.
1⃣ Funding Rates
Currently at 0.01 in the positive territory (longs are still at a level that can support the spot market, and there’s no overheating).
2⃣ Taker Buy Sell Ratio
Buying sentiment is dominant in the derivatives market (**0.57**).
3⃣ Open Interest
Increased by 3.18% over the last 24 hours, signaling a slight heating up in the derivatives market in the short term.
4⃣ Liquidation
Significant "short" positions were liquidated in the last 24 hours (**$6 million**), seemingly reducing selling pressure (at least on the derivatives side) in the short term.
✅ Comments
In the simplest terms, selling pressure in the futures market seems to have eased to some extent.
While Open Interest indicates that the market remains relatively warm/hot in the short term, the bulls are slowly stepping onto the stage. This is the situation on the derivatives side.
Thank you for reading! 🙏
Written by burakkesmeci
