Ether futures trading on the CME has overtaken Bitcoin futures, sparking speculation of a new ‘super-cycle’ for ETH, according to CME’s Priyanka Jain. Despite market volatility, Ether-linked products are seeing rapid participation growth.
Both Ether and Bitcoin faced selling pressures, influenced by a recent de-risking wave. Analysts noted that traders quickly reduced exposure following negative monthly closes, affecting Ether’s treasury-based companies.
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