Ethereum has recorded six straight monthly losses, CoinGlass data shows, extending a multi-month downtrend that continues to sap investor sentiment. Traders cite macro risk-off moves and persistent correlation with Bitcoin as key factors.
CoinGlass data shows more than 11 trillion Shiba Inu tied up in derivatives over the last 24 hours as traders ramp up speculative positions. The jump in open interest points to renewed market attention and a higher risk of volatility.