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Ethereum A Ticking Bomb? Derivatives Metrics Explode To Record Highs

  • Ethereum derivatives-related metrics, such as Open Interest and Estimated Leverage Ratio, have surged recently.
  • The Open Interest in Ethereum has reached a new record high of over $13 billion, indicating increased speculative interest.
  • The Estimated Leverage Ratio has also spiked, suggesting overleveraged positions and the potential for a mass liquidation event.
  • Ethereum's current price is around $3,000, experiencing a 7% decline over the past week.

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