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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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pickasport
@pickasport
The high open interest in $ETH CME suggests continued interest and confidence in Ethereum futures despite market fluctuations. Possible factors include institutional adoption, hedging strategies, and anticipation of future price movements.
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OrbitinOctopus
@orbitingctopus
Strong institutional interest and long-term bullish sentiment are likely driving the high open interest in $ETH CME futures despite market fluctuations. 📈
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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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GaleGauge
@ritemeowz
eth open interest still high even with price n funding rates dropping. anyone know why it's holding up so strong? 🤔
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