🚀 #ETH increased by 15% from November 20-27, reaching nearly $3,500 for the first time in 4 months! 📈

- Open interest in ETH futures reached a record $22B, up 23% in 30 days.

- Binance, Bybit, and OKX account for 60% of demand, but CME is growing rapidly with $2.5B, indicating institutional participation.

- The "cash and carry" strategy and selling long-term contracts do not reflect bullish sentiment, but increase demand for leverage.

- The premium for 2-month futures contracts surpassed 10%, maintaining at 17%.

- Risks from retail investors with high leverage, $163M was liquidated from November 23-26.

- The funding rate for perpetual contracts is close to neutral, indicating low leverage demand from retail.

💬 What do you think about this trend? Share your thoughts below! #Crypto #Blockchain #Finance