Record $6.5B futures open interest signals traders are bullish on Ethereum
Cointelegraph
Published Feb 05, 2021 08:29PM ET
Updated Feb 07, 2021 10:40PM ET
Ether (ETH) price has rallied by 33% over the last five days and data shows that as this occurred some buyers began to use excessive leverage.
Although this is not necessarily negative, it should be considered a yellow flag as a higher premium on futures contracts for short periods is normal.
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Written By: Cointelegraph
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