Скачать или смотреть ETH Futures Surge Amidst Price Slump: Is a Rally Ahead or More Dips on the Horizon?

Join us in today's thrilling journey into the cryptoverse as we explore the recent ETH rollercoaster! Between March 19 and 21, Ethereum took a hit, slumping by 6%, and since February 21, it's experienced a staggering 28% decline, surpassing the general crypto market's 14% drop. But here's the twist—despite these declines, March 21 saw Ether futures open interest reaching a record high. This has caught the attention of big players; could they be betting on a rally to $2,400?

There's a catch, though—high leverage risks potential cascading liquidations! The open interest in ETH futures surged 15%, hitting 10.23 million ETH. Dominating the scene, Binance and Bitget control 51% of the market, with CME capturing 9%. This is a contrast to Bitcoin’s landscape!

Despite strong institutional interest, demand for leveraged ETH longs is waning, as evidenced by dropping futures premiums, indicating less enthusiasm for "cash and carry" strategies. On top of that, ETFs have seen outflows of $307 million, coupled with network fee imbalances and DApps demand mismatches amidst macroeconomic pressures weighing on Ethereum. There's mounting pressure evidenced by falling revenue.

Could this unprecedented futures interest hint at optimism? Not so fast—leverage demand is still on shaky ground. We want to hear from you! Do you think ETH will bounce back, or are we in for more turbulence? Share your thoughts in the comments, hit that like button, and let’s keep this crypto conversation rolling!

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