According to the data, the public interest of Etherum was taken with the recovery of the recovery of assets.
Ether Leeum revealed more than 8%.
As described by Cryptoquant author Maartunn in X's new post, the Ethereum Open Interest was heated the last day. This indicator tracks the total derivatives location related to the ETH, which is currently open on all centralized exchanges. Consider all short and long positions.
Below is a chart shared by Maartunn, which shows the recent trend of Ether Lee's public interest.
Looks like the value of the metric has blown up in the past day | Source: @JA_Maartun on X
In this graph, it is clear that Etherum's interest is about $ 1.9 billion and $ 24.5 billion. This is a remarkable 8.5%increase.
Jumps in the derivatives market location were made with the price of ETH. In general, rapid price behaviors such as meetings attract the public's attention, so speculative activities can rise. But the size of the open interest increase is noticeable.
The price of Cryptocurrency has risen by 4% over the past day, and it's definitely not small but half of its interest. This will show a particularly intense guess in the market.
Historically, the surge in the indicator often led to the volatility of Ether Leeum. The reason is that the new location means that the leverage in this sector is going up. This can make the mass liquidation event more possible, which tends to be solved in volatile ways.
Considering the price of the public interest and how strong it is, this time, this time, the rapid behavior of ETH may be ahead.
As you can see from the data of CoingLass, a significant amount of liquidation has already been occurred for the last 12 hours.
The breakdown of the liquidations in the cryptocurrency sector during the last 12 hours | Source: CoinGlass
As you can see above, the liquidation related to Ether Leeum was $ 119 million during this period. As a result, the largest derivatives are the second place in the flushed coin, much earlier than Bitcoin's $ 33 million. Naturally, most of the liquidation included a short position.
Overall, the entire Cryptocurrency division has been laid off for $ 223 million over the past day, of which $ 223 million has been in the last 12 hours.
The total numbers related to the latest digital asset liquidations | Source: CoinGlass
ETH price
Through the latest rally, Ether Leeum escaped from the rest of the market and escaped more than $ 3,820.
The price of the asset appears to have been going up during the past few days | Source: ETHUSDT on TradingView
DALL-E, COINGLASS.com's main image, TradingView.com chart
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