1.2M Ethereum stacked, $5B Open Interest wiped out – Can ETH rebound?

Because LTHs and possibly ETF-linked entities added over 1.2 million ETH recently and nearly 400K ETH on the 25th of September. With over $5 billion in leverage wiped out, ETH may now have room for a more stable and sustainable recovery. On one hand, long-term holders (LTHs) are scooping up ETH at a pace not seen before. On the other, Open Interest (OI) has taken a steep dive, with billions in leverage flushed out in just days.