Mixed signals for Ethereum and Bitcoin! 📉

- Ethereum’s persistent open interest is in decline, according to Bybit and Block Scholes report. The liquidation of overleveraged long positions was triggered by the decline in ETH prices.

- ETH futures did not experience the same decline, but overall open interest has not recovered since the $20 million contract expiration in November 2024.

- ETH outperforms BTC in options, but trading volumes are down. Market cautious!