Behold, the traders of Ethereum, with their eyes fixed on the specter of the October expiry, find themselves ensnared in a web of leverage and uncertainty. The charts, once serene, now writhe like shadows in a haunted mansion, whispering of liquidations and hidden perils. A trick or a treat? The question hangs in the air like a ghostly mist.
Calls Dominate, Puts Rise From the Dead: Ethereum’s Derivatives Turn Eerie
As of Thursday, ethereum (ETH) hovers at $3,781, a pale specter descending 4.99% in a day and 2.63% weekly, as futures open interest swells to a chilling $47.49 billion, per coinglass.com stats. The market, a trick-or-treat bag of risk, brims with restless energy. 🕯️
The futures arena, a realm of restless spirits, sees total open interest (OI) at 12.49 million ETH, traders shifting their hiding places like phantoms. CME, the institutional titan, commands $10.05 billion in ETH futures OI, a crown of 21.15% of the market. 🕷️
Yet, the price wavers, down 6.3% in 24 hours, as fund managers retreat like weary souls. Binance, the retail lion, gains slightly, while Bybit, OKX, and Gate see a lively resurrection in open interest, each gaining 1-2.7%. Gate’s $4.54 billion in OI surges 8.6%, a dance of degen energy. Kucoin, the skeleton in the closet, plummets 20%, a grim reminder of volatility’s cruel hand. 🧟♂️
On the options front, the ghosts of optimism linger. Ethereum’s total options OI hovers at $15.17 billion, calls haunting 63.5% of the market. Yet, put volume (53.9%) now eclipses calls (46.1%), a shift as ominous as a creaking door in the night. 🕯️
The most heavily loaded contracts on Deribit, calls at $5,000, $6,000, and $7,000 strikes for Dec. 26, 2025, await like bats in the dark. A bullish whisper, yet the market’s mood is a riddle. 🕸️
ETH’s max pain levels, that cursed corridor of liquidity between $3,900 and $4,200, loom like a graveyard gate. With ETH hovering just below, the stage is set for a Halloween spectacle-perhaps a short squeeze or a ghostly drop. 🕷️💸
As October draws to a close, Ethereum’s derivatives market feels like a haunted house, filled with open contracts, anxious traders, and flickering candles of liquidity. Whether the next move brings tricks or treats, one thing’s for sure: no one leaves this party unscathed. 🕸️👻
FAQ ❓
- How much ethereum futures open interest is on the market?
Roughly $47.5 billion in open interest spans across 12.49 million ETH contracts. - Which exchange dominates ethereum derivatives?
CME leads with $10 billion in open interest, followed by Binance and OKX. - What’s the current mood in ethereum options?
Calls dominate, but puts have overtaken in daily trading volume ahead of expiry. - Where is ethereum’s max pain price for Oct. 31 expiry?
Between $3,900 and $4,200 – right where things get spooky for traders.
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2025-10-30 19:39