The number of dollar-denominated BTC in CME's open interest has fallen back to pre-U.S. election levels
According to Odaily Planet Daily, crypto analyst Miles Deutsch stated that the number of dollar-denominated BTC held in CME's open interest has fallen back to pre-U.S. election levels, approximately 150,000 BTC. This may be due to the closing of underlying trades, but the system's total leverage has been reset.
Analyst: Ethereum needs to return to $2,460 to maintain investor confidence
According to Deep Tide TechFlow, on-chain analyst Ali stated that Ethereum needs to regain a stable price level of $2,460 to maintain investor confidence. If it can hold above this price level, it may alleviate the selling pressure from 6.835 million ETH held by 11.64 million investors.