According to data from Glassnode, ETH futures hit $104.2 billion in 24-hour volume, far ahead of BTC’s $67.5 billion—a rare […]
The post Ethereum Futures Volume Surges Past Bitcoin as Traders Pile In appeared first on Coindoo.
According to data from Glassnode, ETH futures hit $104.2 billion in 24-hour volume, far ahead of BTC’s $67.5 billion—a rare flip that signals rising market interest in the second-largest cryptocurrency.
While Bitcoin still leads in overall futures open interest at $64.2 billion versus Ethereum’s $32.2 billion, Ethereum’s open interest grew 6.1% in a day, while Bitcoin’s dipped 1.4%. The surge in ETH trading comes alongside historic inflows into spot Ethereum ETFs and a strong price rally.
Despite the jump in volume and open interest, Ethereum’s funding rate remains relatively neutral at 0.0096%, slightly below Bitcoin’s 0.01%. This suggests that while capital is flowing in, traders aren’t yet overly bullish or entering overheated territory.
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Glassnode interprets the data as a positive signal: speculative demand is building, positions are rising, and sentiment remains grounded—setting the stage for potential upside without immediate risk of overheating.
The post Ethereum Futures Volume Surges Past Bitcoin as Traders Pile In appeared first on Coindoo.
Source: https://coindoo.com/ethereum-futures-volume-surges-past-bitcoin-as-traders-pile-in/
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