bullish
Derivatives Dominate ETH Markets Ahead of Merge
SUMMARY
- The perpetual futures market serves as the battleground for institutions, risk-hedgers and speculators alike.
- In the bull run of 2021, perpetual futures acted as one of the main catalysts for all time highs as new money piled into the market with excessive leverage.
- Flash forward to September 2022 and we’re seeing this new money return to perpetual futures markets more ferociously than ever, specifically for ETH, with open interest recently breaking all time highs, ahead of one of the biggest idiosyncratic catalysts crypto has seen in some time, the Ethereum Merge.
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