When market guards thought Ether Leeum It was done for the migration, and the second largest cryptocurrency took a significant upward measure and set a new high. In the last few weeks, the price of ETH has increased strongly, but during this period, future demand has increased dramatically.
Recorded Etherum Gift Release Concerns
Ether Leeum's ongoing upward momentum doesn't seem to slow down. price Within November 2021, this powerful performance of the strongest performance is now rubbing some major all chain indicators and moving to a positive trend to a positive trend.
There is GlassNode, a popular on -chain data analysis platform. Reported The demand for Etherrium futures rose to an important height and promoted the disclosure (OI). A steep rise shows Increasing trust We have a foundation that is likely to increase volatility in the near future.
According to the data shared by the warm -chain platform, as the on -site market exceeded the price of $ 4,590. These important figures indicate that merchants are becoming more optimistic because all institutional investors are increasing their leverage to benefit from the surge in ETH.
According to GlassNode, leverage has been rebuilt over various encryption exchange to prepare for a larger movement with positioning. If the trend is extended, ETH's ongoing rally can continue and can reach a record high.
As the price of the asset continues, the GlassNode Short position. After investigating the short liquidation of Etherrium gifts, the platform emphasized that the active short position is feeling pressure.
This metric shows $ 66 million Short location has been cleared On August 12, ETH's price reached $ 4,620. It is worth noting that this value displays the second shortest liquidation event (YTD) by this year.
The ETH option market increases
In other X mailGlassNode also unveiled similar performance in the ETH option market. Recent data shows this Ether Leeum's options are public interests It rose to $ 11.1 billion, the highest year -on -year. This milestone means that market participants often use the options to reflect the speculation and strategic position of the ETH price trend by healing risks or profits from possible volatility.
The noteworthy increase in option activities can be seen in the price of $ 4,600 in the spot market. This rise ETH's market mechanicsThis represents a strong demand for selectivity around the failure.
ETH's option premium is to check the slope. On August 8 and August 11, $ 82 million and $ 355 million, respectively, repeated the call premium for repeated footfoots. Glassnode pointed out that the trader pays for the upward means as the ETH increases.
Istock's main image, TradingView.com chart
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