{"id":505338,"date":"2022-10-07T23:00:30","date_gmt":"2022-10-07T23:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=505338"},"modified":"2022-10-07T11:31:07","modified_gmt":"2022-10-07T11:31:07","slug":"ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/","title":{"rendered":"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works"},"content":{"rendered":"

Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not declined, given all of the new interest from institutional investors following the network\u2019s move to a proof of work mechanism. This time around, the Ethereum open interest has hit another important high point, which points to a possible rally in the price of ETH.<\/p>\n

Open Interest Reaches $7.7 Billion<\/p>\n

Ethereum open interest still remains high despite ETH\u2019s decline to the low $1,000s back in September. Data shows that the open interest in ETH has reached $7.7 billion this week despite traders often choosing to avoid trades at quarterly closes, even in the crypto market.\u00a0<\/span><\/p>\n

Related Reading: Brace For Impact: This Expert Trader Says Cardano (ADA) Will See A 50% Decline<\/a><\/strong><\/em><\/div>\n

This means that there is now $7.7 billion in futures open interest, but the majority of these have actually skewed towards the bearish side. Not surprisingly, given that the crypto market is barely a year into its bear market, investors expect more decline to follow.<\/p>\n

\"Ethereum<\/p>\n

ETH steadies above $1,300 | Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Investor sentiment also took a hit since mid-September when the long-awaited Merge upgrade failed to trigger a rally in the price of ETH. The subsequent decline had seen investors begin profit-taking to prevent more losses while watching the market closely. The same is now being seen across the futures markets.<\/p>\n
Will Ethereum (ETH) Rally?<\/h2>\n
A large amount of open interest tends to carry some positive implications for the digital asset. The reason is that so many traders are choosing increasingly bearish positions on Ethereum as of this time, meaning that there is a potential for a short squeeze if the price were to break out from here.<\/p>\n
Now, there is not much expected for the crypto market in the way of recovery, given declines across various spheres. But if the Fed were to heed the advice and stop increasing interest rates even in the short term, then the macro markets would likely rally, which would take the crypto market with it.<\/p>\n
Related Reading: Wash Trading Dominates Bitcoin Volume, What Does This Mean For Price?<\/a><\/strong><\/em><\/div>\n
The next FOMC meeting is expected to happen at the beginning of November, which is less than a month away. There are predictions of more interest rate increases at this time, which would be negative for crypto-assets such as Ethereum.<\/p>\n
Presently, bulls are focused on getting the price back up enough to test the $1,500 resistance once more. However, with sell pressure still mounting, ETH is not expected to hit this price anytime soon.<\/p>\n
Featured image from Crypto News Flash, chart from TradingView.com<\/pre>\n
Follow <\/i><\/b>Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not declined, given all of the new interest from institutional investors following the network\u2019s move to a proof of work mechanism. This time around, the Ethereum open interest has hit another important high point, which points to a possible rally in the price of ETH. Open Interest Reaches $7.7 Billion Ethereum open interest still remains high despite ETH\u2019s decline to the low $1,000s back in September. Data shows that the open interest in ETH has reached $7.7 billion this week despite traders often choosing to avoid trades at quarterly closes, even in the crypto market.\u00a0 Related Reading: Brace For Impact: This Expert Trader Says Cardano (ADA) Will See A 50% Decline This means that there is now $7.7 billion in futures open interest, but the majority of these have actually skewed towards the bearish side. Not surprisingly, given that the crypto market is barely a year into its bear market, investors expect more decline to follow. ETH steadies above $1,300 | Source: ETHUSD on TradingView.com Investor sentiment also took a hit since mid-September when the long-awaited Merge upgrade failed to trigger a rally in the price of ETH. The subsequent decline had seen investors begin profit-taking to prevent more losses while watching the market closely. The same is now being seen across the futures markets. Will Ethereum (ETH) Rally? A large amount of open interest tends to carry some positive implications for the digital asset. The reason is that so many traders are choosing increasingly bearish positions on Ethereum as of this time, meaning that there is a potential for a short squeeze if the price were to break out from here. Now, there is not much expected for the crypto market in the way of recovery, given declines across various spheres. But if the Fed were to heed the advice and stop increasing interest rates even in the short term, then the macro markets would likely rally, which would take the crypto market with it. Related Reading: Wash Trading Dominates Bitcoin Volume, What Does This Mean For Price? The next FOMC meeting is expected to happen at the beginning of November, which is less than a month away. There are predictions of more interest rate increases at this time, which would be negative for crypto-assets such as Ethereum. Presently, bulls are focused on getting the price back up enough to test the $1,500 resistance once more. However, with sell pressure still mounting, ETH is not expected to hit this price anytime soon. Featured image from Crypto News Flash, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":505341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,16163,84573,1946,6931,87134,8686,78803],"class_list":["post-505338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-price","tag-eth-rally","tag-ethereum","tag-ethereum-price","tag-ethereum-rally","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works<\/title>\n<meta name=\"description\" content=\"Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works\" \/>\n<meta property=\"og:description\" content=\"Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-07T23:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-07T11:31:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works\",\"datePublished\":\"2022-10-07T23:00:30+00:00\",\"dateModified\":\"2022-10-07T11:31:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/\"},\"wordCount\":453,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560\",\"keywords\":[\"ETH\",\"eth price\",\"ETH rally\",\"ethereum\",\"ethereum price\",\"Ethereum rally\",\"ethusd\",\"ETHUSDT\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/\",\"name\":\"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560\",\"datePublished\":\"2022-10-07T23:00:30+00:00\",\"dateModified\":\"2022-10-07T11:31:07+00:00\",\"description\":\"Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560\",\"width\":1000,\"height\":560,\"caption\":\"Ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/wncen.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works","description":"Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works","og_description":"Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not","og_url":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-10-07T23:00:30+00:00","article_modified_time":"2022-10-07T11:31:07+00:00","og_image":[{"width":1000,"height":560,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/"},"author":{"name":"Best Owie","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works","datePublished":"2022-10-07T23:00:30+00:00","dateModified":"2022-10-07T11:31:07+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/"},"wordCount":453,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560","keywords":["ETH","eth price","ETH rally","ethereum","ethereum price","Ethereum rally","ethusd","ETHUSDT"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/","url":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/","name":"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560","datePublished":"2022-10-07T23:00:30+00:00","dateModified":"2022-10-07T11:31:07+00:00","description":"Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560","width":1000,"height":560,"caption":"Ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","eth price","eth rally","ethereum","ethereum price","ethereum rally","ethusd","ethusdt"],"dateCreated":"2022-10-07T23:00:30Z","datePublished":"2022-10-07T23:00:30Z","dateModified":"2022-10-07T23:00:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-oi-hits-7-7-billion-why-a-rally-might-be-in-the-works\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Ethereum-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Ethereum-1.jpeg?fit=1000%2C560\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"eth price\",\"eth rally\",\"ethereum\",\"ethereum price\",\"ethereum rally\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2022-10-07T23:00:30Z\",\"datePublished\":\"2022-10-07T23:00:30Z\",\"dateModified\":\"2022-10-07T23:00:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Ethereum-1.jpeg?fit=1000%2C560","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/505338"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=505338"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/505338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/505341"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=505338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=505338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=505338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}