The latest data shows that the total open interest of ETH options on top exchanges has increased from $2.74 billion on July 2 to more than $7 billion on July 29. Currently $5.9 billion. Meanwhile, total open interest in ETH futures reached $7.58 billion on July 30, up from $4.71 billion on July 2. (Open positions represent the value of all open positions that have not yet been settled).
Joshua Lim, head of derivatives at Genesis Global Trading, revealed that hedge fund activity has begun to increase, and the popularity of low premium option structures in ETH is mainly from macro discretionary hedge funds. If ETH/USD trades at a spot price of around $3,000 in December 2022 At the close, a common structure might be a call option.