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

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According to Foresight News, as monitored by glassnode, Ethereum's outstanding contracts have just reached a historical high, breaking through $20 billion. Despite ETH's price slightly pulling back from the $2,800 level, market leverage continues to accumulate as traders increase leverage using stablecoins.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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