In a shocking turn of events that will likely be reversed in a week, Ethereum futures volume has decided to play a game of leapfrog with Bitcoin and is now ahead 🎉. Because, why not? The data from Glassnode is like a surprise party for ETH enthusiasts – it’s a sign that speculative interest is flooding in, or possibly just a sign that people are really good at guessing 🤔.
Ethereum Futures Volume Takes the Lead (Temporarily)
According to Glassnode, Ethereum has somehow managed to outsell Bitcoin in the futures trading volume stakes again. Who knew? The trading volume, for those who need a refresher, is like a report card for how much people are trading on exchanges 📊. And, apparently, Ethereum got an A+ this time.
Below is a table that shows the thrilling comparison between Bitcoin and Ethereum’s futures trading volume. Try to contain your excitement:
As the image reveals, Bitcoin’s futures trading volume was a paltry $67.5 billion, while Ethereum’s was a whopping $104.2 billion. This is like the numbingly normal state of affairs being turned on its head 🌀. The number one cryptocurrency is usually the one getting all the speculative love, but not today! 🤷♂️
The same table also shows some other juicy stats, like the Open Interest for BTC and ETH. For those new to the party, Open Interest is like a measure of how many people are still holding onto their futures positions 🎂. Bitcoin was still leading with $64.2 billion, while Ethereum trailed behind at $32.2 billion. However, ETH’s 24-hour change was a rosy 6.1%, while BTC saw a decline of 1.4%. It’s like ETH is trying to steal the show 🎭.
This newfound love for ETH has coincided with its price doing its own thing and breaking away from the rest of the market. It’s like it’s trying to be the cool kid on the block 😎. And, funnily enough, the average Funding Rate for ETH didn’t get too excited, staying at 0.0096%. Not as high as Bitcoin’s 0.01%, but still, it’s like the calm before the storm ⛈️.
Glassnode thinks this setup is “leaning bullish” – code for “we’re not entirely sure what’s happening, but it sounds good” 🤔. Strong speculative interest, rising Open Interest, and no overheating… yet. It’s like they’re trying to predict the unpredictable 🔮.
ETH Price: Because You Asked
At the time of writing, Ethereum is trading at around $3,600, a 21% increase in the last week. Woohoo! 🎉
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2025-07-19 11:43