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The market share of Ethereum open contract positions has risen to a new high since April 2023.
According to BlockBeats, on July 29, Glassnode reported that the market share of Ethereum's open contract positions has risen to nearly 40%, the highest level since April 2023. Historically, only 5% of trading days have had a market share higher than this value. This change signifies a clear shift in speculative focus, with funds gradually flowing from Bitcoin to Ethereum.