ETH 2.0

Coin

<ul class="news-points">
 <li>Ethereum’s OI drops to $11.5B, indicating a market cooldown.</li>
 <li>$400M of Ethereum positions liquidated since June 5.</li>
 <li>SEC closes ETH 2.0 probe, Pantera Capital eyes $100M buy, showing institutional interest.</li>
</ul>
Ethereum, the second-largest cryptocurrency, is experiencing a decline in trader interest, as indicated by a dip in open interest (OI). This pullback in OI, after reaching its peak, suggests that the market is cooling down. According to CryptoQuant’s <a href="https://x.com/cryptoquant_com/status/1803696878015430919" target="_blank" rel="noopener noreferrer nofollow">data</a>, Ethereum’s OI has fallen from $13 billion to $11.5 billion, signaling a decrease in market activity.&nbsp;
Open interest represents the total value of outstanding derivative contracts (long and short positions) in the market. A higher OI typically suggests a more active market with increased trading activity and potential volatility. Ethereum’s OI reached an all-time high of about $9.5 billion during the previous bull run when the price peaked at $4,891 in 2021.
Despite not surpassing this performance in the current cycle, the leading altcoin saw its OI climb to $13 billion, setting a new record. This led to an overheated market for Ethereum.
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Following the opening of a large number of leveraged positio…
The post <a href="https://coinedition.com/ethereum-open-interest-pullbacks-to-11-5b-overheated-markets-cool-off/" rel="noopener noreferrer nofollow">Ethereum “Open Interest” Pullbacks to $11.5B, Overheated Markets Cool Off&nbsp;</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum “Open Interest” Pullbacks to $11.5B, Overheated Markets Cool Off

Coin Edition

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