Santiment Records FOMO Around Ethereum, Bitcoin and XRP in Negative Territory

On social media, there are 2.05 bullish comments for every bearish comment about Ethereum, indicating a rise in FOMO around the asset, according to Santiment. Sentiment towards Bitcoin and XRP remains negative, with 0.82 bullish comments for every bearish comment regarding Bitcoin and 0.92 for XRP. Ethereum shows optimism, while Bitcoin and XRP face fear, uncertainty, and doubt. According to CryptoQuant, Binance's share of open interest in Ethereum has reached 49%, the highest level since 2023. The price of Ethereum has dropped from $2,775 to $2,500 since the end of September, while open interest on Binance remains at 2.46 million ETH. Long position liquidations of $345 million occurred between October 8 and 9, but the open interest volume did not decrease.

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