WE-LaunchEthereum Total Network Contract Holdings in Coin Terms Calculation is still near a recent low, which may indicate that the recent price action is being driven by the spot market.
BlockBeats News, August 13th, according to Coinglass data, the current Ethereum network's total contract holding amount in coin terms is 13.6922 million ETH. This number is still significantly below the 15.32 million ETH from late July, which to some extent confirms that the recent market trend has been mainly driven by the spot market.
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