Ethereum Futures OI Hits ~$35.5B — Record Derivatives Demand

I note that Ethereum futures open interest has climbed to an all-time high of roughly $35.5 billion, highlighting elevated activity in ETH derivatives markets. I see this record figure as a clear indicator of growing participation from traders and institutions in Ethereum futures and crypto derivatives.

As I monitor the market, the spike in ETH futures open interest signals heightened directional bets and increased leverage exposure, which may amplify volatility in the underlying spot market. I consider this data point a key metric for assessing market positioning and potential near-term momentum for Ethereum.