Ethereum’s market activity declines Ethereum’s Open Interest (OI) has dropped by 2.14%, reducing it to $19.12 billion, according to Coinglass. This decline signals weaker speculative activity among futures traders and may result in reduced market volatility unless fresh interest emerges.
Historically, a drop in OI suggests lower trader participation, potentially leading to further price consolidation.
Source: Coinglass
Additionally, Ethereum ETFs saw over $120 million in outflows last week, reflecting increased market uncertainty as institutional investors reduced their ETH exposure.
The ETH netflows chart (March 2–9, 2025) revealed fluctuating activity across exchanges. Early in the week, large outflows indicated investors moving ETH off exchanges, typically a bullish sign.
Mid-week, inflows rose, suggesting traders were preparing for potential sell-offs. By week’s end, netflows stabilized, indicating neutral market sentiment.