Ethereum Perpetual Futures Volume Dominance Reaches New High of 67%
Ethereum's perpetual futures volume dominance has reached 67%, an all-time high compared to Bitcoin, indicating increased speculative interest in altcoins.
Key Points
- Ethereum overtook Bitcoin in perpetual futures volume earlier, with a continued divergence in trader interest.
- The rise in ETH's volume is linked to a potential "altseason" phase in the digital asset market.
- Ethereum's Open Interest dominance has climbed to 43.3%, narrowing the gap with Bitcoin at 56.7%.
- The combined Open Interest for major altcoins (Ethereum, Solana, XRP, Dogecoin) recently hit $60.2 billion, followed by a $2.6 billion drop, marking significant volatility.
- Ethereum's current price is approximately $4,200, down nearly 7% over the past week.
