These figures suggest that institutional investors remain cautious about Ethereum despite macroeconomic conditions that typically support riskier assets.
Coinglass data also shows an increase in Ethereum’s futures open interest, which rose by 0.69% to $12.09 billion today. Derivatives volume surged by 77.12% to $28.37 billion, hinting at a growing interest in Ethereum trading.
Despite the ETH downtrend, the recorded growth raises questions about Ethereum’s trajectory. While some traders are gearing up for potential market movements, the ongoing outflows indicate high distrust among investors.