According to @glassnode, ETH futures open interest printed a new all-time high around 35.5 billion dollars while the spot price pushed to roughly 4.59k dollars, highlighting a broad rebuild of leverage across venues. Source: @glassnode on X, Aug 13, 2025. According to @glassnode, positioning has become more concentrated, setting the stage for larger moves and elevated volatility risk in ETH derivatives and spot markets. Source: @glassnode on X, Aug 13, 2025.