Ethereum Options Skew Bullish as Open Interest Drops to $4.33 Billion

Ethereum (ETH) options traders continued to show a clear preference for upside exposure, even as overall positioning cooled and open interest slipped—an early sign that bullish conviction is being tempered by caution rather than expanding aggressively.

As of 12:50 a.m. ET on Friday, Aug. 8, data compiled by CoinGlass showed total Ethereum options ‘open interest’ (OI) at $4.3325 billion, down 5.64% from $4.5917 billion a day earlier. Options trading volume over the past 24 hours totaled roughly $847.3 million.

The composition of outstanding positions remained tilted toward calls. Call…  Read more

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