show that on 7 January, the volume surpassed 1 billion ETH. Furthermore, at press time, the volume was at its highest in the last two years.In the context of futures contracts, “Open Interest” refers to the total number of open contracts that have not yet been settled or closed. Contracts for perpetual futures can be held eternally, unlike ordinary futures contracts with a termination date.
Futures market activity, liquidity, and investor attitude can all be gleaned from an Open Interest analysis. Open Interest measures the number of active contracts in the market at any given time. If Open Interest rises, this may indicate buoyant market activity, liquidity, and a bullish attitude among traders. This is the current bullish state of Ethereum Futures in Perpetual. Conversely, a low Open Interest may reflect a lack of investor confidence and sluggish market activity.was experiencing a comeback of sorts in terms of its volume. Even though the volume is relatively modest compared to other months on the chart, it increased and was trending upward at press time.
The volume, price change, and Open Interest in Perpetual Futures demonstrated positive movements, showing that Ethereum was enjoying a successful run. Although this is encouraging for ETH owners, there might be better entry points.Subscribe to get it daily in your inbox.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »