The regulated ether of the CME (Eth) The long -term market heats up as the ongoing rotation of Bitcoin accelerated.
Open interest in total notional (OI) In ETH Futures recently exceeded $ 10 billion for the first time, according to data shared by the exchange with Coindesk. At the beginning of this month, the number of major holders of open interests reached a record of 101.
The notional OI represents the value in dollars of the number of active or open contracts at a given time. The CME offers standard contracts dimensioned at 50th and micro-contracts dimensioned at 0.1 ETH. Large holders are those who hold at least 25 Ether Open Ether contracts at some point.
The new open interest accompanies other record metrics, including the number of Open Ether Micro Ether contracts, which exceeded 500,000, and the notional Ether and open interest options exceeding $ 1 billion. The OI ether options in terms of contract have reached a one -year summit to more than 4,800 contracts.
“We certainly see a resurgence and an enthusiasm renewed in future ether – especially with regard to institutional participation. Our future ether (Loih) Hit a record of 101 during the week of August 5. This is a critical indicator for market players because it signals a strengthening of the institutional and professional ecosystem around the ether, “Giovanni Vicioso, a global CME products manager at CME, Giovanni in an email.
“With regard to broader trends around overvoltage, the increase in network activity, the accumulation of ether business cash and the positive regulatory developments have still contributed to a large gathering around ether and ether derivatives,” added Vicioso.
While the ether market is booming, an open interest in standard bitcoin The term contracts, dimensioned at 5 BTC per contract, remain moderate at 137,300 BTC ($ 15.3 billion)Significantly lower than the December summit of 211,000 BTC, according to the Velo data source.
Ether hit the high record
The native token ether in Ethereum, the second largest token per market value, increased by 23% this month, reaching life peaks above $ 4,900 at a given time, according to Coindesk data.
Funds negotiated in exchange for rated spots in the United States (ETF) Attracted $ 3.69 billion this month, validating ether prices. Continuous entries extend a sequence of four months of positive net investments, according to Sosovalue data.
Meanwhile, the FNB Bitcoin recorded a net output of $ 803 million, referring to the end of the sequence of four months of positive flows.
