Glassnode reports show that investors continue to favor high-risk positions despite rising inflation concerns in the U.S. While BTC-ETH open interest is converging, leveraged traders are showing strong preference for ETH. Bitcoin’s spot dominance stands at 59.42%, while Ethereum is at 13.62%. However, in open interest, the gap narrows: Bitcoin holds 56.7%, ETH 43.3%. This indicates Ethereum’s growing prominence among risk-seeking investors. 

ETH’s Market Position and Trading Volume 

The surge in Ethereum’s futures volume reflects strong investor interest in the altcoin sector. Additionally, ETH’s share of perpetual futures hit a record high, proving investors are willing to take more risks. This trend could translate into short-term price performance for Ethereum. 

Glassnode notes that although Bitcoin recently reached all-time highs, Ethereum largely guided market direction. As a result, ETH’s open interest dominance increased, and investors maintained a bullish outlook. Furthermore, Fed decisions on interest rates directly influence ETH’s potential to outperform BTC. If Jerome Powell signals a move toward rate cuts at the Jackson Hole meeting, Ethereum is expected to rise faster. 

In conclusion, ETH’s record open interest in futures demonstrates growing investor attention and hints at a potential altcoin season. Moreover, current market trends position Ethereum as a key focus for crypto traders in the near term. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post ETH Open Interest Hits Historic High, Investors Embrace Risk appeared first on Coin Engineer.

Bitcoin, Ethereum, and altcoins have been on the decline ahead of the US inflation data and FED interest rate decision to be announced tomorrow.

At this point, while ETH has gone down to $3,530, the selling pressure on ETH prices may increase further.

The CryptoQuant analyst, who stated that Ethereum futures traders are selling aggressively, shared a chart showing the 7-day moving average of the Buyer Sell Ratio, which measures the actions of buyers against sellers.

According to this chart, a value above one indicates buyer dominance, while a value below one indicates aggressive selling. The analyst, stating that the value is currently below one, meaning that sellers are dominant in the market, said that this chart shows that the majority of futures traders are aggressively selling Ethereum for speculative purposes or to make a profit.

The analyst, who stated that this chart shows that the majority of futures traders are aggressively selling Ethereum for speculative purposes or to make a profit, stated that this is a bearish signal for ETH.

“As Ethereum’s price tries to break above $4,000, investors should follow the behavior of futures market participants.

The chart shows the 7-day moving average of the Buyer Sell Ratio, which assesses its relative aggressiveness against sellers.

A value above one indicates buyer dominance, while a value below one indicates aggressive selling.

As can be seen from the chart, the ratio could not rise above one and has been falling rapidly in recent days.

This trend shows that the majority of futures traders are aggressively selling Ethereum for speculative purposes or to make a profit.

This significant decline in the metric is a bearish trend signal for ETH, suggesting that the current downward reversal could continue if this trend persists.”

For the latest news, don’t forget to follow Coin Engineer News by clicking here

The post Ethereum Investors Beware! appeared first on Coin Engineer.