On May 21st, Coinglass data showed that the total open position of Ethereum futures contracts on the network rose to 4.01 million ETH (approximately $14.69 billion), an increase of 25.48% in the past 24 hours, reaching a historic high when calculated in USD (there is still a gap from the peak of 5 million ETH in 2022). Among them, Binance's open position for Ethereum contracts was 1.5 million ETH (approximately $5.48 billion), ranking first; the increase in holdings in the past 24 hours was 32.37%. Bybit's open position for Ethereum contracts was 840,490 ETH (approximately $3.08 billion), ranking second, with an increase in holdings of 38.82% in the past 24 hours.