Recent price movements in the cryptocurrency market have led to significant decreases in Open Interest (OI) rates. The OI for BTC was only sustained at past highs (shown by the blue line) from June to August. ETH, on the other hand, has not yet surpassed its peak in mid-April. Estimated Leverage Ratio also decreased, indicating fewer highly leveraged positions. We are bullish on the possibility of significant movements in BTC and ETH, especially once ETH reaches its current highs (blue line).