Even though we are still far from the levels seen in August 2025, back when $60 billion worth of contracts were opened, at $30 billion, traders seem to be progressively buying the rally and positioning for further upside.
What’s even more interesting is that, when measured in ETH, OI actually rose to the levels seen in July – August last year, indicating that traders opened contracts involving 14.4 million ETH tokens. To date, the market’s all-time high sits at 15.33 million or 6% above this mark.
This is a strong indication that traders are coming back to the market at a point when concerns associated with the war in Iran are easing.
