According to the data, the public interest in Etherum Derivatives has recorded a new all -time high after the rapid surge in trading positioning.
Ether Leeum revealed more than $ 30 billion
As described by Cryptoquant Community Analyst Maartunn in X's new post, the public interest in Etherrium has recently increased. Here, the “public interest” indicates an indicator of tracking the total derivatives location related to the ETH, which is open on all centralized exchanges. All long and short betting is included.
It means that investors are opening new positions in the market when the value of the indicator is registered. In general, when this trend develops, the total number of leverage in this sector increases, so the price may increase.
On the other hand, the metric descends down, suggesting that the holder is closing his will or being liquidated by the platform. This trend is generally the permission of leverage, causing assets to act in a more stable way.
Now the chart shared by Maartunn has shown the public interest in Etherrium over the past few years.
Looks like the value of the metric has witnessed a sharp surge in recent weeks | Source: @JA_Maartun on X
As shown in the graph above, Ether Lee's public interest showed rapid growth with a rally of more than $ 4,400. This suggests that this operation has brought speculative benefits to assets. This is not rare, but it may be worth noting that the surge in open interest has significantly increased.
Whenever the derivatives market is overheated, some high -profit traders inevitably lose their bets, so mass liquidation events can be followed. These events tend to be violent and shake the prices of assets.
Considering that the latest openness and increase in Ether Leeum's position in Etherrium has led to more than $ 30 billion, this time volatility can follow coins.
As you can see from the data of CoingLass, some important liquidation has actually occurred in the last 24 hours.
The breakdown of liquidations across the digital asset sector | Source: CoinGlass
As shown in the hit map above, Ether Leeum, which has a $ 140 million liquidation, has become the highest -grade coin in the cryptocurrency market in terms of strong closure.
In other news, after reaching the peak at $ 770 million a day in July, profits for ETH networks have been slowed down, but it is backed up as a result of the latest rally, as the whole chain analytical company Glassnode pointed out in the X post.
The trend in the ETH Realized Profit over the past year | Source: Glassnode on X
Investors' interests dates back to $ 555 million a day, which is lower than before, but it is still noteworthy.
ETH price
At the time of writing, Ether Leeum has risen by more than 24% last week, trading about $ 4,460.
The price of the coin appears to have been marching up over the last few days | Source: ETHUSDT on TradingView
DALL-E, Glassnode.com, Coatlass.com's main image, TradingView.com chart
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