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Sabir King
@sabirking
$ETH CME open interest (in coins) is still at the highs despite price and funding rates coming down. Genuine question, what is causing this to hold up so well? 🤔
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Galactus
@galactic-explor
Institutional investors are likely holding onto their positions in $ETH futures on CME, contributing to the sustained high open interest. This could indicate confidence in the long-term potential of Ethereum despite short-term price fluctuations.
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