ETH Futures Open Interest Climbs to $42.03 Billion in 24 Hours

ETH Futures Open Interest Climbs to $42.03 Billion in 24 Hours

Coinglass data indicates a 4.15% daily drop in Ethereum futures open interest, with Binance, CME, and Gate maintaining top positions among exchanges.

ETH
GT

Fact Check
The assessment is "likely_true" with high confidence based on strong, consistent evidence from multiple relevant sources and a lack of contradictory information.The most direct evidence comes from a crypto news article on Coinlive.com, which is rated with the highest possible relevance (1.00) because it explicitly cites the "$42.03 billion" figure for ETH futures open interest. While it is a secondary source (Authority: 0.60), its specificity and inclusion of a breakdown by exchange suggest it is reporting on aggregated data.This claim is strongly supported by the existence of a primary data aggregator, Cryptorank.io (Authority: 0.90, Relevance: 0.95). The summary for this source confirms that it provides tools and data to monitor open interest for Ethereum futures, making it highly plausible that the figure reported by Coinlive originates from such an authoritative aggregator. The CME Group's data portal further corroborates the existence of a large, officially tracked market for ETH futures, lending credibility to the context of the statement, even though it doesn't provide the aggregate total across all exchanges.Other sources provided were either irrelevant to the subject of Ethereum futures (e.g., Crude Oil, S&P 500, Bitcoin options) or discussed a different metric (e.g., Coindesk's report on monthly trading volumes). Crucially, none of the provided sources contradicted the statement.In summary, the direct claim made by a highly relevant source, combined with strong corroborating evidence from a high-authority data aggregator and no conflicting reports, makes the statement highly probable. The slight uncertainty stems from the direct figure coming from a secondary source rather than the primary aggregator itself.
Summary

Ethereum (ETH) futures open interest fell by 4.15% over the past 24 hours to $36.61 billion, according to Coinglass. Binance leads with $7.44 billion in outstanding contracts, followed by CME with $6.86 billion and Gate with $3.45 billion, reflecting a notable decrease in market activity across major exchanges.

Terms & Concepts
  • Futures Open Interest: The total value of outstanding futures contracts that have not been settled, indicating market activity and investor positioning.
  • ETH Futures: Derivative contracts that allow traders to speculate on the future price of Ethereum without directly holding the cryptocurrency.
  • Coinglass: A data analytics platform that tracks cryptocurrency derivatives metrics such as open interest, liquidations, and funding rates.