Ethereum Options Market Heats Up With Unprecedented Open Interest Levels

In the past few weeks, ethereumThe second largest encrypted currency asset, was in an upward direction, with a monthly increase of more than 44 %, outperformed many major digital assets, including bitcoin. The continuous ups of ETH is not observed at its price, but also in multiple standards on the chain such as the open interest of options.

ETHEREUM Options Authority to break the record

ETHEREUM continues to keep a higher price sign of $ 4000 after a remarkable upward trend. Meanwhile, the market of its derivatives is also increasing as heating as OI Open options (OI) witnesses sharp growth.

Glassnode, a platform for financial analyzes and leading financial data on a modern series a reportAnd revealed that the open ETHEREUM options have risen to new levels. Such a tremendous growth in open interest signals increases activity and expectation between Investors And merchants.

Nowadays, the scale rose to $ 13.75 billion, which represents the highest level from the year to the date (YTD). According to the platform on the series, $ 13.75 billion Open attention It is just shy of its highest level at all $ 14.6 billion, which was achieved in March 2024.

This teacher shows great speculation and strategic locations regarding ETH price trackAs the market participants are increasingly employing options to hedge risks or benefit from possible fluctuations. It also explains how Ethereum develops as a speculative origin and an essential component in the largest encrypted currency market.

After the upward performance on Monday, the ETH profit scale also witnessed a sharp increase. Data Glassnode explains that daily profit is approaching its previous peak.

It should be noted that the ETH (7D SMA) profit reached a peak of $ 771 million a day in July, over the levels of December 2024. At the same time, during this position, ETH made profits of about $ 553 million a day.

Glassnode is highlighted that profits are long -term ETH holders Similar to the levels of December 2024. However, the short -term ETH investors get more important gains than long -term holders and currently lead the ongoing upward wave.

ETH risk to reach a new peak

With ethereum Positive activity on multiple main standardsThe pioneering altcoin can prepare for a big leap in the short term. Many encryption analysts expect to gather to the highest new level ever before the current emerging market cycle ends.

However, ETH may reach a new peak much closer to predictions by most analysts. Polymarket, leading prediction platform, Reveal Ethereum has a 57 % chance to strike the highest new level ever before October this year.

These expectations are likely to be fed with a strong activity on the chain and the high institutional interest in Altcoin. Large organizations continue to obtain ETH quickly, with indulging in a point of view of this charge. Indulgence It now owns 1.2 million ETH after its last purchase from 317126 ETH, becoming the first company ever to have this huge amount in the strategic reserve.

Distinctive image from Istock, Chart from TradingView.com

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