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Ether creates history as key metric in ETH options exceeds Bitcoin by 32%

OI is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed. It is used as an indicator to determine market sentiment and the strength behind price trends. Deribit is the world’s biggest BTC and ETH options exchange, accounting for more than 90% of the global trading volume.

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Source: Cryptocurrency - investing.com

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