El interés abierto de futuros de Ether alcanzó un récord de $22 mil millones de dólares, lo que marca un crecimiento del 23% del 27 de octubre al 27 de noviembre. El aumento indica una nueva corrida alcista en ETH. Este crecimiento coincidió con el aumento del 15% de ETH para alcanzar los $3,500 entre el 20 y el 27 de noviembre, lo que destaca las intensas actividades del mercado.
Un criptoanalista, Michaël van de Poppe , es optimista y cree que esto es sólo el comienzo. Según su informe X, ETH pronto alcanzará los $4,000 ya que siente que la criptomoneda se está consolidando mientras que las altcoins han comenzado a dispararse.
#Bitcoin aún no ha llegado al área de interés.
- Michaël van de Poppe (@CryptoMichNL) 27 de noviembre de 2024
Solo se está produciendo un período de consolidación, a través del cual se puede ver que las #Altcoins están comenzando a dispararse.
Buen material, creo que todavía veremos $100,000 este año, pero creo que también veremos $ETH a $4,000. pic.twitter.com/yvtfR2y86o
Ethereum lovers are enjoying the unprecedented growth of its futures open interest. Most crypto merchants are enticed by price growth, hoping the trend will continue. Binance, Bybit, and OKX dominate the Ether futures market, jointly accounting for 60% of overall demand.
Still, there are risks if price volatility triggers liquidation. Such a scenario always leaves the market at a crossroads since it’s challenging to predict which way the market will swing.
The ETH price surge to $3,500 is the most robust recovery since mid-2023. Around May, when the coin traded at $4,000, futures open interest was at $14 billion, $8 billion less than today’s value. The severe growth shows the market’s enthusiasm, although ETH still lags behind its historic peak.
Ethereum’s recent rally is due to several factors. First, there has been growing institutional interest in the crypto-based financial products. The Ethereum blockchain is also among the most secure and reliable blockchains. Additionally, the increasing adoption of DeFi is a reasonable catalyst, as are improving macroeconomic sentiments.
Rising futures open interest is usually a promising market sign. However, excessive leverage can be cut both ways. In a highly leveraged market, sharp price corrections can lead to liquidation. Given this risk, it is essential to monitor funding rates, which may show whether the leverage is leaning toward bullish or bearish positions.
To this moment, market analysts are unsure what the surge in open interest means for ETH’s short-term trajectory. Investors have gained confidence in the cryptp’s ecosystem, while others think that people should trade cautiously or the market will experience volatility.
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