Diverging trends: Ether slides below $2,000 while futures open interest hits record high of 16 million ETH
CoinDesk
Ether price dropped below $2,000 while futures open interest reached a record 16 million ETH, signaling aggressive bearish sentiment and market uncertainty.Summary
Ether (ETH) has fallen below $2,000 as market sentiment turns increasingly bearish, marked by significant price drops and cumulative outflows from U.S. spot ETFs. Despite this price decline, futures open interest has climbed to a record 16.39 million ETH, suggesting that traders are actively engaging in aggressive net selling via leveraged products. Analysts attribute this weakness to rising bond yields making staking less attractive, high-profile departures from the Ethereum Foundation, and broader market skepticism regarding how Ethereum's infrastructure dominance translates into value for the ETH token itself.
(Source：CoinDesk)