Ethereum Network-Wide Contract Holdings Remain at Recent Lows in Coin Terms, Indicating Recent Market Movements May Be Driven by the Spot Market

BlockBeats News, August 13 — According to data from Coinglass, the current total number of Ethereum contracts held across the network stands at 13.6922 million ETH, which is still significantly lower than the 15.32 million ETH recorded in late July. This data to some extent supports the view that recent market trends have been primarily driven by the spot market.