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CoinOtag 2024-06-20 13:18:47

Ethereum Open Interest Drops to $11.5B Amid Market Sentiment Shift and SEC Decision

Ethereum, a premier Layer-1 blockchain known for its smart-contract capabilities, has experienced a notable decline in open interest, now standing at $11.5 billion. In just two weeks, Ethereum’s open interest has dropped by $1.5 billion, according to CryptoQuant data. Ethereum’s open interest reaching its apex on June 5 was followed by $400 million in liquidations,

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