Rare Net Buying in Ethereum Derivatives Market Marks First Since 2023 Bear Market

AirdropBlackHole · 2026-04-04T12:21:17+00:00

On April 4, analyst Darkfost reported a notable shift in Ethereum derivatives, indicating a change from negative to positive net trading volume, signaling increased buying pressure and potential for Ethereum's upward movement.

AirdropBlackHole

2026-04-04 12:21:17

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On April 4, Cryptoquant analyst Darkfost reported a significant market shift in Ethereum derivatives, marking the first occurrence since the 2023 bear market. Darkfost noted that while the net trading volume for ETH has been negative for most of 2023, it has now turned positive. (Note: Net trading volume is an indicator used to assess whether buying or selling pressure dominates the derivatives order book.) Currently, this indicator shows that buying pressure is dominant, with buying amounts reaching $104 million. It is noteworthy that even during previous peaks in Ethereum’s price, this indicator indicated strong selling pressure, but this situation seems to be changing now. Darkfost believes that the positive buying pressure facing Ethereum could help form a stronger bottom. If this dynamic continues and the spot market and ETFs begin to support this trend, Ethereum may potentially resume its upward trajectory.

ETH-1.02%

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