Dec 2, 2025
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Ethereum Open Interest Rises $654M After Price Drops to $2,800
Key Points:
- Ethereum's price dropped by over 5%, returning to the low $2,800 levels.
- The price decline triggered substantial liquidations, totaling $158 million in Ethereum-related contracts, with $140 million from long positions.
- Despite these liquidations, Ethereum Open Interest increased by 4.3%, equivalent to $654 million, suggesting renewed speculative activity.
- Increased Open Interest may lead to further market volatility due to the potential for amplified liquidations during sharp price swings.
The rise in Open Interest following a price dip indicates that traders are opening new positions, potentially leading to increased market turbulence if prices fluctuate sharply.