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Ethereum futures open interest (OI) skyrocketed by 50% in May as ETH decisively broke above the $2,000 resistance level. The surge in speculative activity highlights renewed bullish sentiment among traders, though institutional participation remained subdued.
- Ethereum futures open interest jumped 50% to $31.16B after ETH broke $2K resistance.
- Retail exchanges (Binance, Bybit) drove most OI growth, while CME saw a 5% decline.
- High futures leverage without proportional spot demand increases liquidation risks.
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