Ethereum futures open interest exceeds $20 billion, hitting a record high

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According to CryptoQuant data, the number of outstanding Ethereum futures contracts on various exchanges has reached a new all-time high. On Friday, Ethereum futures open interest surged over 12%, reaching a record high of $20.8 billion. Positive funding rates and record-high leverage ratios indicate increased risk appetite, with traders broadly betting on Ethereum price appreciation. (TheBlock)

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