Glassnode: The open interest ratio of Ethereum perpetual contracts has risen to nearly 40%, reaching a two-year high

ChainCatcher news, according to Glassnode data, the open interest ratio of Ethereum perpetual contracts has risen to nearly 40%, reaching its highest level since April 2023.

This data has only been recorded on 5% of trading days in history. As seen in the chart, Bitcoin prices have shown an overall upward trend since March 2022, but funds are gradually shifting from the Bitcoin market to the Ethereum market, indicating a significant shift in market speculation focus.