According to Glassnode data, the open interest of Deribit Ethereum Options with a notional value of $5.6 billion exceeded the open interest of Bitcoin Options, which stood at about $4.3 billion, for the first time in history.
Ethereum Options Open InterestThe recent slowdown in Ethereum’s bullish momentum has caused it to question its previous support levels.
According to Wu Blockchain, open interest (OI) in Ethereum options contracts has exceeded that of Bitcoin.
For the first time since its inception, the open interest in Ethereum’s various blockchain products exceeded that of Bitcoin.
Some players are positioning themselves in the options market to profit from the potential upside.
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