Ethereum Open Interest hits a new ATH đ
The aggregated open interest of ETH/USD trading pairs is at a record high. This indicates increased market participation đ
High open interest doesn't specify a bullish or bearish trend; it depends on the positions' direction and market reactions, but it raises the risk of liquidations, which can amplify price movements.
In short: Be prepared for a roller coaster ride đą
#ETFvsBTC #CryptoWatchMay2024 #MemeWatch2024 #EarnCommissions #ScamRiskWarning