Ethereum Open Interest Drops to $11.5B Amid Market Sentiment Shift and SEC Decision

Ethereum, a premier Layer-1 blockchain known for its smart-contract capabilities, has experienced a notable decline in open interest, now standing at $11.5 billion. In just two weeks, Ethereum’s open interest has dropped by $1.5 billion, according to CryptoQuant data. Ethereum’s open interest reaching its apex on June 5 was followed by $400 million in liquidations,