Bitcoin at $200K by Year-End is Now Firmly in Play, Analyst Says After Muted U.S. Inflation Data $BTC #Bitcoin
Video game retailer GameStop has proposed a new $1.75 billion bond deal, hinting at its next big Bitcoin buy. The widely regarded meme stock announced the proposed private offering of convertible senior notes on Wednesday. The latest offering comes with 0% interest, with the convertible senior notes maturing in June 2032. Eligible only to qualified institutional buyers, it includes an option for purchasers to buy an additional $250 million in notes, within 13 days of the initial issuance. Buyers can convert the debt, which carries no regular interest, into cash or common stock under specific conditions, or a combination of both at GameStop’s election, the release noted. Funds to Fuel BTC Purchases The Texas-based company said that the proceeds from the offering would be used for general purposes. This includes “making investments in a manner consistent with GameStop’s Investment Policy and potential acquisitions.” GameStop mentioned in a March release that its board has approved “to add Bitcoin as a treasury reserve asset.” The firm already disclosed purchasing 4,710 Bitcoin between May 3, 2025 and June 10, 2025, signalling that Bitcoin will be a part of its Q2 balance sheet. @gamestop bought 4,710 Bitcoin in cash between May 3 and June 10, deepening its crypto pivot after board approval in March to adopt BTC as a treasury asset. #GameStop #BitcoinTreasury https://t.co/dmrmxkm7Ix — Cryptonews.com (@cryptonews) June 11, 2025 GameStop completed its initial convertible senior notes offering in April. With the $1.5 billion offering, the company had plans to use the proceeds in part to purchase BTC. Community Reacts to GameStop’s Offering, Shares Fell 11% GameStop’s opaque investment strategy has sparked contemplation among observers that it might evolve as a multi-faceted holding corporation. Tetron Invest wrote on X that the company is “transitioning” to be a holding company. “They’re going to hold more than just Bitcoin.” GameStop is transitioning to be a holding company, and they’re going to hold more than just Bitcoin. The new convertible offering strongly points to this, here’s why I think that’s the case pic.twitter.com/9bYOLArL1S — Tetron (@TetronInvest) June 11, 2025 While acquisitions remain the company’s priority, the lack of detailed capital allocation plans fuels theories about bitcoin diversification. Following the announcement to raise more debt, GameStop (GME) shares plummeted over 11% in the extended session Wednesday. GME shares have declined 18% since May 28, after the company confirmed its first Bitcoin buy. The trend contrasts with other firms that have shown a significant increase in their shares after announcing BTC acquisitions. The post GameStop Plans $1.75B Debt Offering — More Bitcoin Buys on the Horizon? appeared first on Cryptonews .
Optimism (OP) has demonstrated a notable short-term rally, testing critical resistance levels amid cautious market optimism. Despite a 20% price increase since early June, the sustainability of OP’s upward momentum
Bitcoin's decline triggers broader market losses in altcoins like AVAX and ADA. G7 summit could resolve tariff issues, influencing market sentiment positively. Continue Reading: Crypto Market Faces Volatility as Key Players Make Influential Moves The post Crypto Market Faces Volatility as Key Players Make Influential Moves appeared first on COINTURK NEWS .
H100 Group’s shares surged after the Swedish health firm announced it had raised $10.6 million to stack more Bitcoin.
Tron’s blockchain just added a USD1 stablecoin from World Liberty Financial Inc. That move put the spotlight back on TRX. And traders are paying attention to what comes next. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC Significant Price Movement According to trading data, TRX climbed 6% on Tuesday. It broke above the $0.2875 level on the daily chart before hitting resistance at $0.2980. A clean break past that hurdle could send the token toward $0.3230, the 50% Fibonacci retracement level. Currently, TRX trades around $0.2920, sitting between support at $0.2808 and the 23.6% Fib mark of $0.2645. The first USD1 has officially been minted on TRON — a small step for USD1, a giant leap for stablecoins!https://t.co/KMLg8NcXw8 — H.E. Justin Sun 🍌 (@justinsuntron) June 11, 2025 High-Profile Stablecoin Launch Based on reports from World Liberty Financial Inc., the new USD1 stablecoin is now live on Tron. The issuer has ties to US President Donald Trump, and Justin Sun—Tron’s founder and the largest holder of the Trump Token meme coin—called the launch a “giant leap for stablecoins.” Sun also joined a White House dinner for top Trump Token holders. This link to big names has drawn fresh eyes to Tron’s ecosystem. On-Chain Growth Signals According to DeFiLlama, the total value locked on Tron reached over $5 billion. On June 6, the network saw 4.50 million returning user addresses. Those stats suggest people keep coming back to DeFi apps on Tron, but it’s worth watching whether those funds stay in place or chase higher yields on other chains. Bullish Bets in Derivatives Based on CoinGlass data, TRX derivatives open interest rose by 8.25% over the past 24 hours to $329 million. The weighted funding rate open interest rose to 0.0098%, indicative that bullish long positions are greater than shorts. Short liquidations in the past day were almost double that of longs, which settled a bearish bet wave. Technical analysis supports this positive perspective. The RSI on the daily chart is inching up to the overbought region, indicating heightened buying pressure. A recent MACD crossover drove histogram bars into positive territory, which means momentum has favored the buyers. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Meanwhile, traders will keep a close eye on Bitcoin’s moves too. A pullback there could drag altcoins lower, while a fresh rally could lift TRX even more. For now, the combination of a big-name stablecoin launch, rising TVL, swelling open interest and positive technical signals gives Tron fans reason to watch for a potential breakout. Featured image from Getty Images, chart from TradingView
BitcoinWorld Ethereum Futures OI: Massive $41 Billion High Signals Market Excitement The world of cryptocurrency trading is buzzing with activity, and one key indicator just flashed a major signal: Ethereum (ETH) futures Open Interest (OI) has reached an unprecedented all-time high. This isn’t just a minor uptick; we’re talking about billions of dollars flooding into derivatives contracts tied to the second-largest cryptocurrency. For anyone watching the market, especially those involved in ETH futures , this development is impossible to ignore and carries significant implications for the market’s future direction. Understanding Open Interest : Why Does This Record Matter? Before diving into the specifics of the record-breaking figure, let’s quickly touch upon what Open Interest actually is. In the context of futures trading, Open Interest refers to the total number of outstanding derivative contracts that have not been settled. Unlike trading volume, which counts the number of contracts traded over a period, OI represents the total number of open positions (both long and short) currently active in the market. Think of it as a measure of market participation and potential liquidity. A rising Open Interest, especially when accompanied by rising prices, is often seen as a sign of strong underlying trend conviction. It suggests that new money is flowing into the market, supporting the current price movement. Conversely, falling OI can indicate closing positions and potentially weakening trends. For Ethereum futures, this surge in OI signals a dramatic increase in active participation and market depth. The Record-Breaking Surge: Unpacking the $41 Billion Ethereum Futures Milestone According to data highlighted by CryptoPotato, citing CoinGlass, the total Open Interest for ETH futures across various exchanges has soared to a new all-time high, crossing the $41 billion mark. Specifically, the data shows ETH futures OI hitting approximately $41.66 billion in the last 24 hours leading up to the report. This represents a significant increase of 6.14% in just one day, demonstrating rapid capital inflow into Ethereum derivatives. This figure is not just a number; it represents the collective value of all open long and short positions on Ethereum futures contracts globally. A record high like this indicates unprecedented levels of leverage and directional bets being placed on ETH’s future price movements. It underscores growing confidence, speculation, or hedging activities related to Ethereum. Key Statistics from the Report: New ATH for ETH Futures OI: ~$41.66 billion 24-Hour Increase in OI: +6.14% Source: CoinGlass data, reported by CryptoPotato This surge isn’t happening in a vacuum. It’s occurring within a broader market context, suggesting increased optimism or strategic positioning around Ethereum. Volume Speaks Loudly: How Crypto Derivatives Trading is Heating Up Adding another layer to the story is the massive surge in ETH derivatives trading volume. In the same 24-hour period, Ethereum derivatives trading volume experienced a staggering 38% increase, reaching an impressive $110 billion. This high volume confirms the intense activity and liquidity in the ETH futures market. What’s particularly noteworthy is that this $110 billion volume surpassed that of Bitcoin (BTC) derivatives trading volume during the same period, which stood at $84.7 billion. While Bitcoin typically dominates market metrics, ETH’s volume taking the lead, especially alongside record OI, highlights a potential shift in focus or heightened interest specifically in the Ethereum ecosystem. High trading volume signifies strong market participation and liquidity. When coupled with rising Open Interest, it paints a picture of a market that is not only attracting new capital but is also seeing active trading and position adjustments. This combination is often a precursor to significant price volatility, as large positions are being built and actively managed. What Does This Mean for the ETH Price ? A record high in Open Interest and surging volume are often interpreted as bullish signals for the underlying asset’s price, especially if the price is also trending upwards. The logic is that high OI represents significant capital betting on price movements, and if those bets are predominantly long positions (which is often the case during bullish phases), it provides upward pressure. However, it’s crucial to remember that OI includes both long and short positions, and its directional implication isn’t always straightforward without additional data like funding rates or long/short ratios. Nevertheless, the sheer scale of $41 billion in ETH futures OI suggests that traders are positioning for substantial moves. Factors potentially contributing to this excitement around the ETH price include: Anticipation of the Dencun Upgrade: This upcoming network upgrade is expected to significantly reduce transaction costs (gas fees) on Ethereum Layer-2 networks, potentially boosting activity and adoption. Spot ETH ETF Speculation: Following the approval of spot Bitcoin ETFs in the US, speculation is mounting about the potential approval of spot Ethereum ETFs, which could open the door for significant institutional investment. General Market Optimism: The broader cryptocurrency market has seen renewed bullish sentiment, lifting prices across the board. Ethereum’s Ecosystem Growth: Continued development in DeFi, NFTs, and Layer-2 solutions built on Ethereum reinforces its position as a leading blockchain platform. While high OI can signal bullish conviction, it also increases the potential for volatility. A large concentration of leveraged positions means that sharp price movements can trigger cascading liquidations, potentially leading to rapid price swings in either direction. Traders need to be particularly cautious in such a leveraged environment. Actionable Insights: Navigating the High ETH Futures Market For traders and investors, this record-breaking ETH futures OI presents both opportunities and risks. Here are a few actionable insights: Understand the Leverage: High OI means high leverage is being used. While leverage can amplify gains, it dramatically increases liquidation risk. Ensure you understand the margin requirements and potential downside. Monitor Funding Rates: Funding rates in perpetual futures markets indicate the prevailing market sentiment. Positive funding rates suggest longs are paying shorts, often seen in bullish markets, but extremely high rates can signal an overheated market prone to corrections. Negative rates suggest shorts are paying longs. Watch Liquidation Levels: With significant OI, specific price levels will have large concentrations of liquidation points. Market makers and large traders are aware of these levels, and price can be drawn to them, leading to volatility. Risk Management is Paramount: Given the potential for increased volatility due to high leverage, strict risk management, including setting stop-loss orders, is essential. Consider Your Strategy: Are you speculating on price direction? Hedging existing spot positions? Or looking for arbitrage opportunities? Your strategy should align with the current market conditions and your risk tolerance. The surge in crypto derivatives activity, particularly in Ethereum, underscores the growing maturity and complexity of the market. While it offers powerful tools for traders, it also requires a sophisticated understanding of the underlying dynamics. Conclusion: What This Means for Ethereum’s Trajectory The achievement of a record $41 billion in Ethereum futures Open Interest, coupled with soaring trading volume that temporarily eclipsed Bitcoin’s, is a landmark event for the ETH market. It unequivocally signals a dramatic increase in trader and investor interest, positioning, and the overall liquidity available in Ethereum derivatives. While high OI can be a bullish indicator, reflecting significant capital inflows and directional bets, it also inherently increases market leverage and the potential for heightened volatility. This makes robust risk management and a keen understanding of market dynamics more critical than ever for those participating in or observing the crypto derivatives space. As the market digests this new level of participation, the interplay between spot prices and futures markets will be crucial to watch. This record OI suggests that significant price movements, potentially driven by large-scale liquidations or continued bullish momentum, could be on the horizon for the ETH price. It’s a clear indicator that Ethereum remains a central focus for capital and speculation in the cryptocurrency landscape. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post Ethereum Futures OI: Massive $41 Billion High Signals Market Excitement first appeared on BitcoinWorld and is written by Editorial Team
With Bitcoin teasing its all-time high over the past couple of days, “retail has gotten bullish,” reported blockchain analytics firm Santiment on June 11. Analysts at the firm reported that there are more than double the number of positive Bitcoin comments versus negative across social media, which is a signal of growing retail interest. This is also the highest ratio since US President Donald Trump was elected over 7 months ago, it added. With Bitcoin teasing its $112K all-time high the past couple days, retail has gotten bullish. There are more than double the amount of positive $BTC comments vs. negative across social media, the highest ratio since Trump was elected over 7 months ago. pic.twitter.com/kdb4ZtDwIq — Santiment (@santimentfeed) June 11, 2025 Greed Seeping into Markets Santiment also noted that since markets move in the opposite direction of retail’s expectations, “spikes in discussion related to Bitcoin’s all-time high are solid top signals, indicating greed.” Meanwhile, the Bitcoin Fear and Greed Index, which measures market sentiment, is currently registering 71, which represents “greed.” In its weekly on-chain report , Glassnode noted that this cycle shows unusual investor behavior compared to previous bull markets. Long-term holders (those holding Bitcoin for over 155 days) are taking significant profits, averaging $930 million per day, yet their overall supply holdings continue to increase rather than decrease. This creates a “unique duality” where profit-taking is happening alongside continued accumulation, as more coins are maturing into long-term holder status than are being sold, it noted. What will it take for #Bitcoin to break above ATH? In the Week On-Chain, we explore renewed demand around $101k, elevated Long-Term Holder profit-taking, compressed volatility expectations, and why $97.6k remains critical for short-term sentiment: https://t.co/ZTswpRDlqv pic.twitter.com/yXZhwtz3Ef — glassnode (@glassnode) June 10, 2025 CryptoQuant observed that whales show no intention of taking profits at these levels and are likely to wait for higher prices, “where significant market overheating and a bubble form, before making their moves.” Meanwhile, US Treasury Secretary Scott Bessent warned on Wednesday that failure to raise the US debt ceiling could trigger “the biggest crisis since 2008.” “Default isn’t an option, money printing is,” said Swan analysts, who added : “Game theory favors the asset with a fixed supply. That’s Bitcoin.” Bitcoin Price Outlook Bitcoin topped $110,000 on Tuesday and Wednesday this week, coming to within less than $2,000 of its May 22 all-time high of $111,814. However, it has retreated slightly during the Thursday morning Asian trading session, falling back below $108,000 at the time of writing. Earlier this week, analyst ‘Rekt Capital’ said that Bitcoin has successfully retested the $104,400 reaccumulation range high resistance as new support for four straight weeks. “Bitcoin is rebounding from this new support base in an effort to transition into price discovery again,” he added. The post Retail Returns to The Party as Bitcoin Teases New Peak appeared first on CryptoPotato .
BitcoinWorld Bitdeer Soars: Bitcoin Mining Production Jumps, Targets 40 EH/s by October The world of digital assets is constantly evolving, and at its core lies the vital process of Bitcoin mining . This energy-intensive operation is what secures the network and brings new BTC into circulation. For investors and enthusiasts alike, tracking the performance of major players in this space is crucial. Recently, one such player, Bitdeer , a leading technology company for digital assets, shared some impressive figures that highlight significant operational growth and ambitious future targets. Let’s dive into what these numbers mean for the company and the broader mining landscape. Bitdeer’s May Performance: A Closer Look at Bitcoin Mining Output Bitdeer’s latest operational report for May 2024 reveals a strong uptick in its self-mining production. The company successfully mined 196 BTC during the month, marking a substantial 18% increase compared to its April output. This growth is a positive sign, especially considering the recent Bitcoin halving event, which reduced the block reward for miners. Several factors likely contributed to this boost: Increased Hash Rate: Bringing more mining power online directly translates to a higher chance of solving blocks and earning rewards. Operational Efficiency: Optimizing existing infrastructure and energy consumption can improve profitability per unit of hash rate. Deployment of New Hardware: As reported, the shipment and deployment of new, more efficient mining rigs played a key role. This 18% monthly increase in Bitcoin mining production demonstrates Bitdeer’s ability to navigate the post-halving environment and continue scaling its operations effectively. Boosting Power: Shipping 1.6 EH/s of SEALMINER A2 Rigs A key driver behind Bitdeer’s increased production is the deployment of advanced mining hardware. The company reported shipping 1.6 EH/s (Exahashes per second) worth of its proprietary SEALMINER A2 rigs. Exahashes per second is a standard unit of measurement for the processing power of the Bitcoin network, specifically the hash rate. One exahash is equal to one quintillion hashes per second. The higher the EH/s, the more powerful the mining operation. The SEALMINER A2 is Bitdeer’s own designed mining machine, suggesting a focus on vertical integration and potentially better control over hardware performance and efficiency. Deploying 1.6 EH/s is a significant addition to their existing capacity and directly contributes to their overall hash rate, enabling them to capture a larger share of the network’s mining rewards. This move highlights the ongoing arms race in the crypto mining industry, where companies constantly seek out or develop the most efficient hardware to gain a competitive edge, especially as mining difficulty increases and rewards decrease post-halving. Ambitious Targets: Aiming for 40 EH/s by October Bitdeer isn’t resting on its May achievements. The company has set an ambitious target to reach 40 EH/s of self-mining capacity by October. This represents a significant leap from their current operational hash rate (which would be below 40 EH/s, considering 1.6 EH/s was just shipped). Achieving this goal would solidify Bitdeer’s position as one of the largest publicly traded Bitcoin miners globally. Reaching 40 EH/s requires substantial investment in infrastructure, power, and hardware. It signals a strong bullish outlook from Bitdeer on the future of Bitcoin and the profitability of mining at scale. This target is not just about adding machines; it involves complex logistical planning, power procurement, and site development across multiple locations. Meeting this target would significantly increase Bitdeer’s potential Bitcoin production, assuming network conditions remain favorable. It’s a clear statement of intent to aggressively expand their footprint in the Bitcoin mining sector. Fueling Growth: The Significance of the Tether Investment Growth on the scale Bitdeer is pursuing requires significant capital. A major boost came recently with a $50 million investment from Tether, the issuer of the USDT stablecoin. This strategic investment is specifically earmarked to support the expansion of Bitdeer’s infrastructure. The Tether investment is crucial for several reasons: Capital Injection: Provides necessary funds for purchasing hardware, developing sites, and securing power sources required to reach the 40 EH/s target. Strategic Partnership: A partnership with a major player like Tether can open doors to future collaborations and strengthen Bitdeer’s position in the broader crypto ecosystem. Validation: A significant investment from a large and influential company like Tether can be seen as a vote of confidence in Bitdeer’s business model and growth potential within the crypto mining space. This funding will be instrumental in supporting infrastructure growth in key regions where Bitdeer is expanding its operations, including Norway, Bhutan, and Ohio in the United States. These locations are often chosen for their access to reliable and potentially renewable energy sources, which are critical for sustainable and cost-effective mining operations. Challenges and Opportunities in the Current Mining Landscape While Bitdeer’s growth trajectory is impressive, the Bitcoin mining industry faces inherent challenges, particularly after the halving: Reduced Block Rewards: Miners now receive half the BTC per block compared to before April 2024. This puts pressure on profitability, especially for less efficient operations. Increasing Difficulty: As more powerful machines come online (like Bitdeer’s new rigs), the network difficulty adjusts upwards, requiring even more computing power to mine the same amount of BTC. Energy Costs: Power remains the largest operational expense. Access to cheap, stable, and preferably renewable energy is paramount. Market Volatility: The price of Bitcoin directly impacts mining revenue. Fluctuations can quickly turn profitable operations into unprofitable ones. Despite these challenges, opportunities exist for well-capitalized and efficiently run mining companies like Bitdeer: Economies of Scale: Operating at a larger scale can lead to lower per-unit costs for hardware, power, and management. Technological Edge: Deploying the latest, most efficient rigs provides a significant advantage in hash rate per watt. Strategic Locations: Securing sites with favorable energy contracts and climates is crucial for long-term profitability. Industry Consolidation: Less efficient miners may exit the market post-halving, potentially reducing competition for the remaining block rewards. Bitdeer’s strategy, supported by the Tether investment , appears focused on leveraging these opportunities through aggressive expansion and technological adoption. What Does This Mean for the Future of Crypto Mining? Bitdeer’s actions are indicative of broader trends in the crypto mining sector. We are seeing a move towards larger, more sophisticated operations with significant institutional backing. The focus is increasingly on efficiency, scale, and access to sustainable energy sources. The push towards 40 EH/s by a single company like Bitdeer highlights the rapid professionalization of the industry. It’s no longer just about plugging in a few machines; it’s about building massive data centers, managing complex power grids, and deploying cutting-edge technology. Furthermore, the strategic partnership with Tether underscores the growing interconnectedness within the crypto ecosystem. Investments between different sectors – stablecoins and mining, for instance – can provide mutual benefits and drive innovation. Conclusion: Bitdeer’s Path to Becoming a Mining Powerhouse Bitdeer’s recent performance and future targets paint a picture of a company aggressively pursuing growth in the post-halving era. The 18% jump in May production, fueled by the deployment of new rigs, is a testament to their operational capabilities. Their ambitious goal of reaching 40 EH/s by October, significantly bolstered by the $50 million Tether investment , positions them to become a major force in the global Bitcoin mining landscape. While challenges remain in the competitive mining environment, Bitdeer’s strategic expansion into key regions like Norway, Bhutan, and Ohio, combined with technological advancements and strong financial backing, suggests a clear path towards becoming a dominant mining powerhouse. Keeping an eye on Bitdeer’s progress will provide valuable insights into the evolving dynamics of the crypto mining industry. To learn more about the latest Bitcoin mining trends, explore our articles on key developments shaping Bitcoin institutional adoption and price action. This post Bitdeer Soars: Bitcoin Mining Production Jumps, Targets 40 EH/s by October first appeared on BitcoinWorld and is written by Editorial Team
The total amount of assets managed in vehicles that invest in cryptocurrencies has hit a remarkable new zenith, vaulting to an unprecedented $167 billion just this past May. This mountain of managed assets is, in turn, built atop a flurry of fresh investment—more than $7 billion in net new inflows—wondering where this fresh money’s coming from? Crypto funds hit all-time high AUM at $167B Total assets in crypto investment funds soared to an all-time high of $167B in May, fueled by over $7B in net inflows for the month. This surge notably contrasts with outflows from traditional assets, as global equity funds shed… pic.twitter.com/i7CNiiJLMi — CryptoRank.io (@CryptoRank_io) June 10, 2025 The surge of fresh capital into digital assets sharply contrasts with what is happening in traditional financial markets. Equity and gold funds, once the go-to destinations for safe, capital-preserving investments, endured sizable withdrawals when the latest wave of crypto enthusiasm hit. In March 2021 alone, global equity funds shed $5.9 billion, while gold funds saw their first monthly outflows in over a year. Capital Rotation Highlights Shifting Risk Appetite The traditional markets and the crypto world seem to be parting ways. Investor sentiment appears to be shifting. The market has not seen this kind of divergence in some time. If over the past year and a half, the crypto world had been hanging out with the traditional investment world, right now, it’s as if the traditional investment world and the crypto world are on two very different holiday paths. They part company as they head for the celestial shores of diverging investment types. Inflows into gold seem to be leveling off, while investable cryptocurrencies have begun to see fresh waves of inflows. Stocks took a hit in May, shedding almost $6 billion in new net assets. Several market indices are still close to all-time highs, which implies that the sell-off is not necessarily the result of a stampede toward the exit. Indeed, some investors may be using this moment to rebalance into new plays in the crypto space. The increase in crypto fund AUM is a not only a sign of renewed interest in the sector but also a testament to the maturity of the industry’s infrastructure. That is allows for the safe, long-term storage of digital assets seems to be increasingly taken for granted by institutional investors, who now also have access to spot ETFs as another potential way to gain exposure to Bitcoin. These regulated products, whose structure and terms are clear to all involved, make the addition of digital assets to a fund’s portfolio much less of a leap into the unknown. Ethereum Takes the Lead in Derivatives Market Activity The crypto derivatives market has also witnessed a shift—not just the crypto spot market. By far, the most striking detail is that Ethereum (ETH) recently surpassed Bitcoin (BTC) in total contract trading volume across all platforms—an unfathomable concept just a couple of years ago. In the past 24 hours alone, ETH contracts accounted for over $111 billion in trading volume, far exceeding Bitcoin’s $87.5 billion in contract trades. This is an important evolution for the crypto world since both the spot and the derivatives markets have always been dominated by Bitcoin. Meanwhile, the surge in derivatives volume for Ethereum may also be reflecting a growing interest in actually using ETH, particularly in the increasingly popular decentralized finance (DeFi) protocols, liquid staking, and in layer-2 solutions that are being built on top of Ethereum. According to Coinglass, over the past 24 hours, the total trading volume of ETH contracts across the network exceeded $111 billion, surpassing the BTC contract trading volume of $87.5 billion, making ETH the asset with the highest contract trading volume. Additionally, the ETH… — Wu Blockchain (@WuBlockchain) June 11, 2025 Ethereum not only witnessed a rise in trading activity, but it also took the lead in terms of liquidations. Over the same 24-hour period, the volume of liquidations for ETH hit $131 million—more than double that of Bitcoin. This spike could have been due to a number of factors: perhaps ETH traders have the higher leverage demanded by today’s trading atmosphere; maybe Ethereum’s liquid superhighway was more prone to price changes than other coins; or was Ethereum just the choice of platform for those unlucky enough to have hit the wrong side of trade? Crypto Market Sentiment Turns Bullish as Institutional Demand Grows The inflow into crypto funds is rising at an astounding pace. This is not only a base effect owing to the dramatic crypto price increase in the first half of the year but also a sign of the growing interest of institutional players in the digital asset space. Management at crypto funds now claims to have $167 billion worth of crypto in custody, which puts these funds light-years ahead of the previous peak in custody of digital assets. Capital is being rotated out of gold and equities and into cryptocurrencies, indicating that investors are allocating to the asset class in a manner similar to how they would allocate to other strategic, forward-looking opportunities. This “institutional embrace of Ethereum,” as one partner at a major crypto investor puts it, has less to do with the price of ETH and more to do with the anticipated increases in trading activity, network transactions, and overall volatility that Ethereum’s platform will offer in the coming months. While the traditional markets seem almost stagnant, crypto is still managing to show new life by bringing in unprecedented levels of returns and capital formation. As one would expect, this nascent crypto confidence is leading some market participants to muse about a new bull phase for digital assets. At this point, we can hardly overstate the nascent bull phase that seems to be establishing itself for digital assets. With Bitcoin recently surging back over $30,000, market participants are evidently not at all afraid of the recent regulatory crackdown on crypto market makers. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !