Ethereum (ETH) options positioning eased slightly over the past day, with total open interest slipping to $6.61 billion even as traders concentrated fresh activity in near-dated upside bets—most notably a $2,400 call that led 24-hour turnover. The mix suggests a market that remains broadly constructive on ETH, while tactically trading short-term moves and volatility around key price levels.
Bitcoin (BTC) is seeing a renewed bout of exchange inflows even as trading activity has sharply rotated toward the U.S. session, a combination that traders often watch for clues on near-term market intent and liquidity conditions. Data from CoinGlass showed that as of May 18 at 01:27 UTC, major centralized exchanges held a combined 2,455,173 BTC.
The US securities regulator approved 21Shares' Hyperliquid ETF last week, adding to a growing number of cryptocurrencies converted into ETF wrappers in the US.