Ether futures open interest and options trading volume at all-time high - are bulls at risk?

Ether implied volatility has experienced a notable surge following spot Ether ETF approval news.

Ether’s (ETH) price took a swipe at $4,000 on March 23, briefly surpassing $3,890 before correcting as the result of $46.58 million in leveraged long liquidations. Following that rally, Ethereum futures open interest reached an all-time high of $17.09 billion on May 28.

Similarly, with the ongoing consolidation above $3,700, Ethereum futures open interest remains high at $16.1 billion, according to data from Coinglass.

Meanwhile, monthly trading volumes of Chicago Mercantile Exchange (CME) options on Ether futures reached an all-time high in May.

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