Ethereum open interest hits 2-year peak in dominance as funds spill over from Bitcoin
The post Ethereum open interest hits 2-year peak in dominance as funds spill over from Bitcoin appeared on BitcoinEthereumNews.com.
Ethereum now commands nearly 40% of the total crypto open interest, its highest level in over two years, based on data from Glassnode. This dominance has only been topped on 5% of recorded trading days, proving a major turn in where traders are putting their capital. That rotation is coming straight out of Bitcoin, as risk appetite begins to change. Comparison of BTC and ETH perpetual open interest. Source: Glassnode Standard Chartered had projected that Ethereum could hit $4,000 by the end of 2025, which perfectly aligns with what’s playing out in treasury wallets, where Ethereum is now held in higher concentration than Bitcoin, with corporates controlling roughly 1% of Ethereum’s circulating supply. Futures premiums climb as ETF inflows fuel conviction Ethereum’s momentum has also pushed the futures premium to 8%, which is its highest reading in five months. This premium, which typically ranges between 5% and 10% in neutral markets, compensates for longer contract settlement times and reflects speculative appetite. The kicker is that this increase comes right after Ethereum’s 55% price gain over the last three weeks, and yet the demand for leverage hasn’t cooled. The setup indicates traders still see room to load up if prices rise above $4,000 with more strength. The options skew, which shows expectations for either upside or downside movement, has flipped back to neutral. A week ago, the 30-day delta skew showed 8% bullish sentiment, but that has now evened out. This reset, however, hasn’t pushed traders into defensive mode. Professionals haven’t raised protection against pullbacks despite Ethereum hitting a seven-month high, which means they’re still comfortable with current exposure levels. A major factor behind Ethereum’s recent strength is the influx of cash into spot ETFs. Between July 11 and last Friday, net inflows hit $4.23 billion, lifting total U.S.-listed Ether ETF…
Filed under: News - @ July 29, 2025 11:26 am