- Ethereum’s derivatives Open Interest just threw a party and Bitcoin wasn’t invited!
- Post-upgrade momentum, ETF gossip, and a security roadmap that’s more exciting than a rom-com can fuel ETH’s breakout potential.
So, guess what? Ethereum [ETH] just hit a historic milestone in the crypto derivatives market! Its Open Interest has officially surpassed that of Bitcoin [BTC]. 🎉
This shift is like a big neon sign saying, “Hey, institutional investors, we’re serious about this!”
With developers working harder than a barista on a Monday morning, a maturing market structure, and security protocols that are tougher than your Aunt Linda at Thanksgiving, Ethereum is strutting into a phase of renewed momentum.
As we approach year-end, all signs are pointing toward a possible breakout — and institutional traders are getting their party hats ready. 🎈
Ethereum derivatives surge past Bitcoin
Ethereum is stealing the spotlight in the derivatives market, with Open Interest jumping 8.03% in the past 24 hours — while Bitcoin is over there sulking with a 2.24% drop. Talk about a glow-up!
ETH also led in trading volume, raking in $109.77 billion over the same period, a whopping 34.16% surge. Meanwhile, BTC’s volume took a nosedive by 28.16% to $81.01 billion. Ouch!
Despite having a smaller market cap and lower total OI compared to Bitcoin, Ethereum’s rising Funding Rate and significantly higher liquidations suggest traders are throwing caution to the wind and going all in. 💸
Bullish setup strengthens
Ethereum’s technical indicators are aligning for a potential breakout. The RSI stood at 64.06 at press time — getting cozy in the overbought zone — showing that buying pressure is hotter than a summer day in the city.
Meanwhile, the MACD flipped bullish, with the signal line ready to cross above, hinting at sustained upward momentum. It’s like the universe is saying, “Go, ETH, go!”
This comes after ETH’s significant surge post the Pectra upgrade on May 7th, which reignited investor confidence in Ethereum’s scalability and efficiency. It’s like a makeover montage in a movie!
Now, markets are buzzing with speculation around the approval of spot Ether ETFs that include staking — a potential game-changer that could make even the most stoic investor do a happy dance.
With filings like that of REX Shares leveraging regulatory workarounds, analysts believe the launch could happen within weeks, adding another strong tailwind to ETH’s rally setup. Buckle up, folks!
A call for better security
Read More
2025-06-12 02:20