The Ethereum derivatives market has seen a rare net buying, marking the first time since the bear market of 2023

According to Cryptoquant analyst Darkfost, there has been a significant market pattern shift in Ethereum derivatives, marking the first occurrence since the bear market of 2023. Darkfost pointed out that although the net trading volume of ETH has been negative for most of the time since 2023, it has now turned positive. Currently, this indicator shows that buying pressure is dominant, with buying amounts reaching $104 million. Notably, even when Ethereum's price was close to new highs previously, this indicator showed that selling pressure remained very strong, but now this situation seems to be changing. Darkfost believes that due to the positive buying pressure facing Ethereum, this could help form a stronger bottom. If this dynamic continues, and the spot market and ETFs begin to support this trend, Ethereum may potentially start an upward trend again.