Glassnode: Ethereum Perpetual Futures Open Interest Share Rises to Nearly 40%, Hitting a Two-Year High

ChainCatcher reports, according to Glassnode data, the proportion of open interest in Ethereum perpetual contracts has climbed to nearly 40%, reaching its highest level since April 2023.

This figure has only been surpassed on 5% of trading days in history. The chart shows that while Bitcoin prices have generally trended upward since March 2022, capital is gradually shifting from the Bitcoin market to Ethereum, indicating a clear shift in market speculation focus.