According to the latest data from the Binance Futures platform, published on January 22nd, the **open interest** for Ethereum contracts has surged to an impressive **1,558,454 ETH**. This noteworthy figure indicates heightened market participation, particularly among large traders. The analysis reveals a **long/short ratio** of 6.15 based on account numbers, reflecting an **86.01%** inclination toward long positions compared to **13.99%** for short positions. Furthermore, when examining the long/short ratio from the perspective of open interest, the figures stand at 6.04, with **85.79%** of large traders opting to go long while **14.21%** short. Additionally, the overall long/short ratio, calculated from the number of traders, is recorded at **4.70**, showcasing a dominant bullish sentiment within the market. These insights underscore the evolving dynamics in **Ethereum trading**, a vital area of focus for investors and analysts alike.
Source: https://en.coinotag.com/breakingnews/ethereum-contract-open-interest-surges-to-1558454-eth-as-long-positions-dominate/
