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Ethereum’s Open Interest Hits Record High… And That Means It’s Time to Sell Everything Before the Inevitable Crash!

A comic-style illustration depicting a precarious tightrope walker standing on a thin line between two opposing forces: one side representing bullish sentiment with an upward arrow and rising prices, while the other side represents bearish sentiment with a downward arrow and falling prices.

Well isn’t this just peachy? Ethereum’s open interest has hit a 20-month high and everyone is getting all excited about it. Let me tell you something, folks: I’ve been around long enough to see these kinds of stories before. You know what they are? They’re the precursors to massive crashes that wipe out entire fortunes. Mark my words.

Source: cointelegraph

Ether (ETH) surged 11.7% between Sept. 17 and Sept. 19, hitting a three-week high of $2,572. This price movement coincided with an uptick in Ether futures open interest, reflecting the total number of contracts on derivatives exchanges. As a result, traders are becoming wary that heightened leverage could amplify potential price fluctuations. The recent ETH price rally mirrored the broader cryptocurrency market’s 8.3% gain, fueled by a combination of an […]

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