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Sentiment in Ethereum's derivatives markets remains weak following a reset in both open interest and funding rates, according to analysis from FXStreet.
The twin resets indicate that speculative positioning in $ETH has cleared out, but have not yet been replaced by fresh bullish conviction.
What Open Interest and Funding Rates Actually Measure Open interest is the total number of outstanding derivative contracts — futures or options — that have not been settled.
When open interest resets, it means traders have closed positions en masse rather than rolling them forward, which typically reflects uncertainty or a loss of directional conviction.
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