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TechFlow, July 29 — According to Glassnode data, the share of open interest in Ethereum perpetual contracts has risen to nearly 40%, reaching its highest level since April 2023. Only 5% of trading days in history have recorded higher values. As shown in the chart, while Bitcoin's price has generally trended upward since March 2022, funds are gradually shifting from Bitcoin to the Ethereum market, indicating a clear shift in market speculation focus.
According to Glassnode data, the share of open interest in Ethereum perpetual contracts has risen to nearly 40%, reaching the highest level since April 2023. This reading has only been exceeded on 5% of trading days in history. As shown in the chart, while Bitcoin's price has generally trended upward since March 2022, funds are gradually shifting from Bitcoin to the Ethereum market, indicating a clear shift in market speculation focus.
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