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Combined Ethereum Futures Total Open Interest Drops From $8 Billion to $6.8 Billion

Combined Ethereum Futures Total Open Interest Drops From $8 Billion to $6.8 Billion

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Aggregate open interest in Ethereum futures fell 15% from $8.0 billion to $6.8 billion, impacting the dollar value of ETH-denominated futures positions.

Based on Ethereum-denominated open interest, futures open interest is actually at an all-time high, up nearly 80% since the start of May.

Futures leverage actually appears to have increased rather than decreased over the past week, suggesting that many hedging positions have not been closed.

Additionally, combined Ethereum call open interest fell by $600 million (down 10%), leaving a total open call position value of $5.2 billion, well above the 2021 norm.

The Ethereum put options market saw a more pronounced relative decline of 19%, but remained at a much smaller net position value of $294 million.

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