Ether Futures Open Interest Hits New High of $11.6B

Open interest has more than doubled since late June, signaling an influx of money into the market.

Article By: Omar Godbole 9/7/21

• Ethereum has been on the rise the last few weeks and interest in derivatives tied to the blockchain has also been increasing.

• The value of Ethereum has more than doubled since it dipped down to $1,700.

• Although Open Interest being high normally implies an asset being overleveraged or “overheated” as one may say. Ethereum hasn’t reached the high we were at on May 11th, signaling possibly more room to grow before we can consider the asset being overbought.

• Ether’s daily issuance dropped below Bitcoin’s at the end of August.

• On September 3rd, the daily net emission of ether was -333, the first negative daily print since the EIP activation, per CryptoCompare.

  Disclaimer:

This content is for informational purposes only and should not be construed as investment advice. Nothing mentioned in this article constitutes any type of solicitation, recommendation, offer or endorsement to buy and sell any crypto asset. Trading in any financial market involves risk and can result in loss of funds. Before investing any money, one should always conduct thorough research and seek professional advice.