2025-12-29 10:22:43

ETH contract market activity has clearly increased. In the past 24 hours, the total open interest across the entire network has approached $39.656 billion, a 7.39% increase from the previous day.

The distribution of open interest across major leading trading platforms is quite interesting—one top exchange is leading with an open interest exceeding $8.5 billion, followed by a compliant platform and another exchange, with open interest in the range of $2.1-2.6 billion. From this pattern, it can be seen that capital is accelerating into the contract market.

What’s even more intriguing is the performance of ETH’s price. After successfully breaking through the key psychological level of $3,000, leveraged funds didn’t sit idle—they clearly started rushing into the market. The question is: are these funds smart and strategic, or are latecomers just following the trend? The market is still providing the answer.

ETH-2,71%

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pumpamentalist

· 16h ago

39.656 billion breaks below 3,000, is this really different this time? Or will it be harvested again?

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FalseProfitProphet

· 16h ago

$39.6 billion, this time really different, feels like a big event is coming Breaking 3000 again? The leverage maniacs are starting to buy the dip or is it another sell-off? The leading exchange dominates alone, this pattern is a bit dangerous The bag holder is still smart money, anyway I can't profit from this wave A 7.39% increase in one day is so fierce, be careful of a dump later

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GrayscaleArbitrageur

· 16h ago

400 billion holdings, this number looks huge and impressive, but the real profit depends on the timing. Once it breaks 3000, leverage starts to get crazy. I bet this time it's probably another sucker getting caught... The 8.5 billion from top exchanges is nothing, retail investors are the real cash crop. After breaking through the 3000 mark, I want to see if we can push for another wave. Is this wave smart money or foolish money? I really can't tell. With a scale of 39.6 billion, it feels like blowing bubbles—just a poke and it bursts. Those rushing in early should be careful; this time, they might take a fall.

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MEVHunter_9000

· 16h ago

39.656 billion yuan, so what? Have you seen a 40 billion vanity project? It's a feast for the bagholders. Smart money? Wake up. Big players have already cleared their positions. Now it's just gamblers taking turns to harvest each other. Breaking 3000? So what? The key is who is taking over at high levels. I bet it's the retail investors. The leverage liquidation drama is about to unfold again. This is just the nature of the futures market. Funds flowing in? I think it's the last round of harvesting before the funds run away. These numbers can fool retail investors. They really think they've found a business opportunity. Laughable. Breaking the support level is just that—breaking it. Don't look for reasons; the market decides.

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MEVvictim

· 17h ago

400 billion scale takes off directly, I just want to know if this time will be smashed down again It's the 3000 point again, every time they say "psychological price," why is it so easy to break through the psychological price? Leverage funds rushing in? To put it simply, it's gamblers entering the market, while smart money has already left

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BlockBargainHunter

· 17h ago

396 billion holdings, 7.39% daily increase, this pace is a bit fierce, feels like something's going to happen Is this wave of bottom-fishing driven by smart money or retail investors? I bet on the latter After breaking 3000, leverage flooded in crazily, a typical chasing-the-rally signal, be careful of getting caught holding the bag, everyone The leading exchange with 8.5 billion crushing other platforms, funds are really accelerating into contracts The worst thing is this kind of short-term surge, which often indicates a big drop is coming

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