Analyzing High Open Interest in Bitcoin and Ether Futures: Risks for Smart Contract Developers On May 6, 2026, CoinDesk reported a notable rise in Bitcoin and Ether futures open interest, bringing market focus to spot-derivative interactions that can affect smart contract security. Bitcoin futures open interest currently hovers near a record high of 800,000 BTC, while Ether futures recently jumped to 14.5 million ETH, marking the highest level since March 28. This surge in futures positions, cou