Interesul deschis pentru Red-Hot Ethereum depășește interesul deschis pentru Bitcoin

Following the recent cryptocurrency market crash that saw the price of bitcoin plunge from a near $64,000 all-time high to $29,900 before it recovered to $36,000, open interest for bitcoin has dropped significantly, while for Ethereum it surged.

În conformitate cu Examinarea schimbului CryptoCompare din mai 2021, Ethereum’s priced ended the month of May down just 2.5%; however, Ethereum gained market share in the derivatives market, as open interest on the second-largest cryptocurrency by market capitalization rose 9.9% to $6 billion.

Open interest on BTC products dropped by 25.8% during the same period, during a period in which open interest across all derivatives products fell by 14.5% to $27.8 billion, with Binance being the exchange with the highest open interest in the space, followed by Huobi and OKEx.

Binance a avut cele mai mari cifre de dobândă deschisă pentru contractele futures perpetue ETH, la 1.5 miliarde de dolari, urmată de Bybit, Huobi și OKEx. Bursa de futures reglementată CME a avut cea mai mare dobândă deschisă pe futures ETH, la 489 milioane USD, urmată de cea a OKEx de 481 milioane USD.

Open interest for BTC futures on the CME exchange decreased by 22.9% last month to $2 billion, while ETH open interest averaged $489 million after rising 146% compared to April.

The figures come as total spot volume across the cryptocurrency space surged 26.5% to $4.8 trillion, and total derivatives trading volumes increased 40.4% to $5.5 trillion. Volumes surged, according to the report, as investors reacted to higher volatility on the market. Binance, Huobi Global, and OKEx were the largest spot exchanges, while for derivatives, Huobi was replaced by Bybit on the podium.

Ether open interest surging while BTC drops is significant as talks of a “Flippening” have been increasing on social media. The Flippening is a scenario in which Ethereum surpasses bitcoin and becomes the number one cryptocurrency by market capitalization.

Potrivit unui set up to track the Flippening, Ethereum mining rewards are already superior to BTC mining rewards, as is ETH’s transactions volume, transaction count, transaction fees, and trading volume.

Bitcoin’s market capitalization isn’t the only thing setting it apart, however, as Google search interest for BTC is still far above interest for ETH, as is BTC’s node count and the number of active addresses on the Bitcoin network.

Data shows that earlier this year Ethereum’s market capitalization was around 19% that of BTC, but recent price action saw the second-largest cryptocurrency’s market cap half that of BTC for a short period.

It’s worth noting the Flippening first set the cryptocurrency community abuzz back in 2017, when Ethereum’s market capitalization represented 83% of bitcoin’s market capitalization. Bitcoin’s share of the cryptocurrency markets – its dominance – is now at 41%, while Ethereum’s is at 18.8%. In 2017, BTC’s dominance was 38% while ETH’s was 33%.

DECLARAȚIE DE RENUNȚARE
Opiniile și opiniile exprimate de autor sau de orice persoană menționată în acest articol au doar scop informativ și nu constituie sfaturi financiare, de investiții sau de altă natură. Investiția sau tranzacționarea criptocasurilor are un risc de pierdere financiară.

CREDIT DE IMAGINI
Imagine recomandată prin Pixabay

Source: https://www.cryptoglobe.com/latest/2021/06/flippening-bitcoin-open-interest-drops-25-while-ethereums-rises/