Ethereum Futures Open Interest Hits All-Time High of Around $35.5 Billion

BlockBeats News, August 13th, according to Glassnode data, as the spot price surged above $4700, the open interest of Ethereum futures hit a new all-time high of around $35.5 billion. The leverage levels on various trading platforms have recovered, laying the foundation for greater volatility after position concentration.

Sharp Increase in Short Pressure: On August 12th, when the price was close to $4,620, approximately $66 million worth of short positions were liquidated, marking the second-largest short liquidation event so far this year.