Ethereum Open Interest Explodes To $28 Billion—Altcoin Rotation Begins: QCP
July 22, 2025 · 1:00 AM
Ethereum's derivatives market has seen a significant surge, with total perpetual open interest in ether futures rising from under $18 billion to over $28 billion in just one week. This increase has pushed the altcoin-season index above the crucial 50-point mark for the first time since December, suggesting a potential altcoin season is underway.
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