🔥Before the approval of #Ethereum ETF The Ethereum futures market ($ETH ) is experiencing an unprecedented exciting period with open interest reaching a record high of 15.64 billion USD.
Open interest measures the total value of all open and unliquidated futures contracts. The $15.64 billion is the highest figure ever for ETH futures contracts, surpassing all previous records. This shows that the amount of capital and transactions related to Ethereum is at unprecedented levels.
High open interest is often a sign of a vibrant market with vibrant trading activity and abundant liquidity supply. It reflects the strong demand and interest of the global investment community.