@nino-trade

As of late July 2024, Ethereum’s (ETH) Estimated Leverage Ratio has surged to its current level, indicating a significant increase in leverage in the market. Meanwhile, Open Interest (OI) for Bitcoin (BTC) saw a rise to its current level in mid-March, whereas for ETH, this increase occurred at the beginning of June. This trend shows that Ethereum has been catching up, reflected in both its rising leverage ratio and the sustained high open interest. This development suggests heightened trading activity and investor interest in ETH, paralleling the trends observed in BTC earlier this year.

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