Glassnode: The proportion of open interest in Ethereum perpetual contracts reaches a new high in nearly two years
According to online reports, according to Glassnode data, the proportion of open interest in Ethereum perpetual contracts has climbed to nearly 40%, the highest level since April 2023. This figure has only seen a higher reading in 5% of trading days in history. It can be seen from the chart that the price of Bitcoin has shown an overall upward trend since March 2022, but funds are gradually shifting from Bitcoin to the Ethereum market, indicating that the focus of market speculation has shifted significantly.
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