
Ethereum open interest falls to 12.49M ETH, lowest since March
- —ETH open interest fell to 12.49M ETH, the lowest since March 1
- —Open interest has dropped 1.46M ETH since the July recovery began
- —US spot ETH ETFs snapped a seven-day inflow streak with $2.8M in outflows
- —ETH saw $56.8M in liquidations over 24 hours, led by $32M in longs
Why it matters: Low leverage limits the scope for liquidation-driven selloffs, but a sustained rally now requires spot-market demand.
Source: FXStreet Crypto