On the 25th, CryptoQuant analyst Darkfost highlighted on X (formerly Twitter) that Ethereum (ETH) futures open interest (OI) has shrunk to a total of $11.5 billion across all exchanges. Over the past three weeks, ETH prices have adjusted by approximately 15%, resulting in a market capitalization loss of about $54 billion.
Open interest refers to the total value of futures and perpetual futures contracts that remain unsettled. The leverage accumulated in the market...
