🚀📈 Open interest in Ethereum perpetual futures has been growing since early February, reaching $10.1 billion according to CoinGlass. Crypto derivatives exchange Deribit noted a record number of open contracts for ether over $690 million.

🔹 Perpetual contracts have no expiration date, which allows traders to hold positions indefinitely.

🔹 The increase in interest may be due to expectations of ETF approval for Ether in the US and growing institutional interest.

💬 Discuss in the comments how this will affect the market!