Ethereum has hit an ATH of $8.11b in open interest options, also way above Bitcoin.

Obviously as The Merger hype is kicking in right now everyone wants to have ETH before they miss out which is a bit late because we are getting it already next month and they all months of delays to buy in at lower prices. But still, the open interest in options has not only surges above Bitcoin but hit an all time-high of $8.11b in contrast, BTC has ~ $5b.

Btw, open interest in options means that investors want to have the option to purchase the asset in the future at a certain price. That future for Ethereum had two big dates with the most options each above $1b. The normal one that always there is the 31st Dec as it’s the end of the year and options for this year. But the second one is obviously The Merger date that was recently Sep 19.