Ethereum Merge update brings $7.6 billion to derivatives markets as investors are getting ready for volatility spike
Compared to Bitcoin, Ethereum is showing significantly better results as the second biggest cryptocurrency on the market gained 10 times more to its value since the 2022 bottom.
According to the most recent data shared by Glassnode, open interest on the Ethereum derivatives market has exceeded $7.6 billion with a great spike in July, when the final date of the Merge update has been released.Put options account for a much smaller $1.5B, making for a Put/Call Ratio of 0.25.
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