Ethereum Open Interest Hits 8-Month High on Binance as Bitfinex Shorts Jump
- —Binance 30-day average ETH open interest near $6.37 billion, highest in eight months
- —Binance daily open interest on October 6 at $6.54 billion, Z-score 0.66
- —Bitfinex ETHUSD Shorts index rose to about 14,467, up 6.3% in an hour
- —All-exchange ETH open interest stands near $34 billion
Why it matters: Rising open interest and short positioning make ETH more sensitive to sharp moves, raising the risk of squeezes and cascading liquidations.
Source: Coindoo