Well, butter my blockchain and call me a hodler—Ethereum has finally decided to stop being the shy wallflower at the crypto prom and has waltzed right past Bitcoin in futures volume. 🕺💃 According to the number-crunchers at Glassnode, ETH futures hit a whopping $104.2 billion in 24-hour volume, leaving BTC’s $67.5 billion in the dust. A rare flip, indeed, and one that has the crypto crowd whispering, “Is this the beginning of a new era, or just Ethereum’s 15 minutes of fame?” 🤔
Sure, Bitcoin still wears the crown in overall futures open interest at $64.2 billion, compared to Ethereum’s $32.2 billion. But here’s the kicker: Ethereum’s open interest grew by 6.1% in a day, while Bitcoin’s took a 1.4% nap. 😴 Meanwhile, ETH is basking in the glow of historic inflows into spot Ethereum ETFs and a price rally that’s making even the most jaded traders blush. 🌶️
Now, before you start drafting your “Ethereum to the Moon” 🚀 tweets, let’s talk funding rates. Ethereum’s funding rate is sitting pretty at 0.0096%, just a smidge below Bitcoin’s 0.01%. This means traders are dipping their toes in the water but aren’t quite ready to cannonball into the deep end. No overheating here—just a lukewarm jacuzzi of speculative demand. 🛁
Glassnode, ever the optimist, calls this a “positive signal.” Speculative demand is building, positions are rising, and sentiment remains as grounded as a reality TV star’s expectations. 🌍 In other words, the stage is set for potential upside without the immediate risk of a meltdown. So, grab your popcorn and watch as Ethereum tries to prove it’s not just Bitcoin’s little sibling anymore. 🍿
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2025-07-20 01:46