ETH Open Interest Up 7% in 24h

Open interest is the more informative half of the derivatives picture, since it shows whether new positioning is actually being added rather than just churning between existing traders. A 7% move in a single day is a meaningful shift in aggregate exposure, though the data as given says nothing about direction, leverage, or which venues drove it — so it cannot be read as a signal either way. What matters next is whether this build in positioning persists or unwinds, and whether it is matched by comparable activity in spot markets.