Ethereum (ETH) surpassed the $3,700 level, gaining 4.35% in the last 24 hours.
According to market data, ETH is currently trading at $3,704. Despite this rise, it is still 24.29% off Ethereum's all-time high of $4,891.70 recorded in November 2021.
According to Coinglass data, investors are increasing their bullish expectations for Ethereum. Ethereum futures open interest has been on an upward trend for more than a month. Total open interest, which surpassed $50 billion on July 17th, reached an all-time high of $52 billion today.
Total open interest currently stands at 14.31 million ETH, representing approximately $52.14 billion and representing a 0.74% increase over the past 24 hours. The rankings by exchange are as follows:
- Binance: Leading with $9.33 billion in open interest.
- CME (Chicago Mercantile Exchange): Second with $6.81 billion.
During the same period, spot fund movements in the cryptocurrency market also attracted attention. According to Coinglass data, the cryptocurrencies with the highest net inflows are:
- Litecoin (LTC): $29.83 million
- Solana (SOL): $15.97 million
- Bitcoin Cash (BCH): $7.59 million
- Ethena (ENA): $6.28 million
- BNB: $5.65 million
In contrast, the assets with the highest net outflows are as follows:
- Bitcoin (BTC): $156 million
- Dogecoin (DOGE): $40.28 million
- Tezos (XTZ): $40.05 million
- Ripple (XRP): $38.23 million
- TRON (TRX): $23.54 million
*This is not investment advice.
