Record-Breaking: Ethereum Blockchain Hits 106,018,155 Non-Zero Wallet Addresses

Aakarshan590

According to Glassnode data, the number of non-zero wallet addresses on the Ethereum blockchain has reached a historic high of 106,018,155. This indicates an increase in the number of investors participating in ETH. Additionally, the open interest in Ethereum futures contracts on Bitfinex has also reached $125,397,615.99, hitting a monthly high. Analysts suggest that a high level of open interest in futures contracts can indicate a bullish trend, but at times, an excessively high open interest indicator may signal a shift from bullish to bearish trends.