Altcoins News

Story: Ethereum Outpaces Bitcoin as ETH Derivatives Volume Surges

By Maheen Hernandez

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ETH Derivatives Volume Overtakes BTC on OKX. One of the most telling signs of this shift is seen in the derivatives markets.

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Bitcoin Still Shows Strong Fundamentals. While Ethereum is stealing the spotlight, Bitcoin continues to hold strong, especially among…

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Ethereum Positioned for Further Growth. Despite short-term volatility and macro uncertainties, Ethereum is gaining ground due to both…

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Stablecoins Boost Market Liquidity – Tron Leads the Charge. Meanwhile, the stablecoin market has hit an all-time high, with total market capitalization…

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Market Outlook: ETH Holds the Spotlight. The crypto market remains sensitive to global events, including geopolitical tensions and…

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Ethereum (ETH) has outperformed Bitcoin (BTC) in May, with both price action and derivatives market activity signaling increased institutional interest in the world’s…

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As of early Thursday trading in Asia, Ether was trading at $2,770, marking a nearly 11% gain in May.

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One of the most telling signs of this shift is seen in the derivatives markets. Ethereum now dominates perpetual futures trading on OKX, one of the world’s top crypto exchanges.

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This trend is not isolated to OKX. Other major derivatives platforms like Deribit have shown a similar rise in Ethereum-focused trading activity.

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“Ethereum is overshadowing Bitcoin on our platform,” Lai said. “The momentum is shifting as investors explore Ethereum’s potential to bridge traditional finance (TradFi) with…

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In fact, during recent market rallies, LTHs have realized over $930 million in profits per day, a number comparable to peak activity seen in previous bull markets.

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“This dynamic shows that accumulation is currently stronger than selling pressure,” Glassnode analysts wrote. “It’s a rare pattern for late-stage bull markets.”

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Despite short-term volatility and macro uncertainties, Ethereum is gaining ground due to both technical improvements and positive sentiment in the market.

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This bullish outlook is supported by rising institutional demand and growing activity in Ethereum’s derivatives markets.

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“Macro uncertainties remain, but $3,000 ETH looks increasingly likely,” Lai added, pointing to strong fundamentals and momentum.

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