The total open positions of Ethereum futures contracts across the network have reached a historic high, amounting to approximately $48.28 billion.

On July 17, according to data from Coinglass, market participants have increased their bets on the trend of Ethereum, with the total open positions of Ethereum futures contracts across the network reaching 14.73 million ETH, approximately 4.828 billion USD, setting a historical high, with a 24-hour increase of 8.84%. Among them, the open positions of CEX Ethereum contracts amount to 8.9 billion USD, ranking first; the open positions of CME Ethereum contracts amount to 5.08 billion USD, ranking second.

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