MARKET UPDATE• • • • • • • • • • • • • • • • • • • • • • • • • • • •
We can compare the relative scale of #Ethereum derivative markets to #Bitcoin, considering the dominance of futures open interest.
BTC perpetual swaps accounted for 55% of open interest in Jan-2022, which has since risen to 66.2%.
Conversely, ETH open interest dominance decreased from 45% to 33.8% between 2022 and 2024. However, following the ETF approval, ETH regained some market share, with its dominance rebounding to ~40% by this metric.
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- Ƀɪᴛᴄᴏɪɴ Assᴀssɪɴs
