Ethereum’s Market Dynamics: Open Interest, Funding Rates, and the Future of Crypto Payroll
Ethereum is experiencing a significant shift in its market dynamics as open interest reaches new heights. This surge, paired with stable funding rates, reflects a nuanced sentiment among traders. In this post, I want to unpack what this means for the longevity of Ethereum for crypto businesses, the perils of speculation, and how it may shape the integration of crypto payroll solutions in decentralized organizations.
Open Interest: A Double-Edged Sword for Crypto Companies
Ethereum’s open interest on Binance is now at a record $8.7 billion, which is noteworthy. This is back at the level ETH was at in the 2021 bull market, but the open interest was only a third of this. Almost 3.5 times higher than what it was the last time ETH was at…
