Ethereum Open Interest Surges 5.6% as Market Momentum Builds

Ethereum Open Interest Soars

According to recent data from Coinglass, Ethereum's open interest across global platforms increased by 5.6% in the past 24 hours, reaching a total of $24.53 billion and signaling rising market engagement.

Exchange Position Highlights

Major exchanges reported significant increases, with Binance leading at $5.281 billion in open interest. OKX followed with $1.703 billion, Bybit at $1.998 billion, and Gate reaching $2.837 billion.

Market Outlook

• Increased Ethereum activity indicates stronger market participation
• Growing open interest reflects improving investor confidence
• Simultaneous increases across platforms suggest market alignment