Volatility Warning》ETH breaks through $1960! CME Ethereum open interest hits a new high

闲鱼翻身不再咸鱼 · 2023-07-03T01:58:07.000Z

Although the price trend of Ethereum in the past two months is roughly consistent with that of Bitcoin, the volatility is relatively small, which is a relatively rare situation based on past history. However, since the SEC returned Bitcoin spot ETF applications from BlackRock, Fidelity, etc. due to incomplete documents last weekend, causing BTC to fall below 30,000 and ETH to fall below $1,830, Ethereum’s recovery seems to be strong. Signs of Bitcoin. ETH briefly exceeded $1,960 According to Tradingview data, the ETH perpetual contract market once exceeded US$1,960 in the early morning of today (3rd), setting a high in the past two months. It was currently trading at US$1,934 at the time of writing, up 0.77% in the past 24 hours.

Although Ethereum's price trend in the past two months is roughly consistent with that of Bitcoin, its volatility is relatively small, which is a rare situation in past history.
However, since the SEC rejected the Bitcoin spot ETF applications of BlackRock, Fidelity, etc. due to incomplete documents last weekend, BTC fell below 30,000 and ETH fell below 1,830 US dollars. Ethereum's recovery seems to be stronger than Bitcoin.
ETH once exceeded $1960According to Tradingview data, the ETH perpetual contract market reached a high of over $1,960 this morning (3), reaching its highest point in nearly two months. At press time, it was trading at $1,934, up 0.77% in the past 24 hours.
CME Ethereum Options Open Interest Reaches New HighHowever, it is worth noting that according to data from The Block, the open interest in CME Ethereum options is currently at an all-time high of US$254 million.
The combined open interest of other mainstream platforms such as Deribit, OKX, Binance, etc., although a new high, is also at a relatively high point. Based on past historical data, this usually brings about larger fluctuations in currency prices, and investors must be careful to pay attention to risks.
In the past 24 hours, the liquidation amounted to 65.18 million US dollarsAccording to Coinglass data, 25,000 people were liquidated in the past 24 hours, and the total amount of liquidation on the entire network reached 65.18 million US dollars. Among them, the rapid rise of Ethereum caused the largest liquidation amount, reaching 15.23 million US dollars, and the liquidation amount of Bitcoin ranked second, reaching 9.94 million US dollars.