Ethereum Open Interest Nears All-Time Highs Ahead Of Merge

Data shows the Ethereum open interest has surged up to near all-time high values as the ETH 2.0 merge comes closer.
Ethereum Open Interest Has Sharply Risen Up Recently
As per the latest weekly report from Arcane Research, the ETH open interest in futures and perps has surged up to 4.2 million ETH in recent days.
The “open interest” is an indicator that measures the total amount of Ethereum futures and perps contracts currently open in the market (denominated in ETH). The metric incl