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#Crypto Market Rebound#
The share of trading with perpetual futures on Ethereum reached a record 67% over the past week. This means that two-thirds of all cryptocurrency futures transactions are attributed to Ethereum.
On Wednesday, the Glassnode team published its weekly report "Derivatives-Driven Market." It states that although the price of Bitcoin recently reached a new high before the correction, it was primarily the cryptocurrency derivatives market that determined the direction.
Despite the correction, Glassnode noted that market participants still view this as a bull market, as evidenc
View OriginalThe share of trading with perpetual futures on Ethereum reached a record 67% over the past week. This means that two-thirds of all cryptocurrency futures transactions are attributed to Ethereum.
On Wednesday, the Glassnode team published its weekly report "Derivatives-Driven Market." It states that although the price of Bitcoin recently reached a new high before the correction, it was primarily the cryptocurrency derivatives market that determined the direction.
Despite the correction, Glassnode noted that market participants still view this as a bull market, as evidenc