Recent moves in the price of ether look to be driven by derivatives markets. Open interest has risen to the highest levels since April, when the cryptocurrency was trading at around $3,000, the note said. “This marks one of the largest divergences between price and open interest over the last [three] years,” and indicates further volatility is likely, according to the note.
Related posts
-
Bitcoin’s Future in Focus: 4 Economic Variables for 2025
Right now, bitcoin’s price is cruising comfortably over the $97,000 mark, and we’ve got just ten... -
Quantum BioPharma adds $1m in Bitcoin to treasury, eyes future crypto financing
Quantum BioPharma Ltd., a Nasdaq-listed biotech and medical research company, has purchased $1 million in Bitcoin... -
Bitcoin Price Reaction Unraveled With Future Projections
Este artículo también está disponible en español. The Bitcoin price experienced a significant downturn on Wednesday,...