🪙 Ethereum futures open interest hits new all-time high of over $20 billion, signalling bullish momentum: CryptoQuant Ethereum’s derivatives market may be signaling bullish momentum as futures open interest surged over 12% to an all-time high of $20.8 billion on Friday. This follows a 7% price increase over the past 24 hours that pushed Ethereum to $3,365, according to The Block’s price page. Open interest, which measures the total number of outstanding contracts in a derivatives market, has reached unprecedented levels for Ethereum. Source @cryptomagazine