Markets· ★★· bearish·

Ethereum open interest on Binance rose 2.3% in ETH terms while dollar value fell 6.6%

  • —ETHUSDT open interest rose from 2.28M to 2.33M ETH over 69 hours
  • —ETHUSDT contract value fell from $6.18B to $5.77B
  • —BTCUSDT open interest declined from 94,297 to 92,928 BTC
  • —Implied ETH valuation dropped from 2,708 to 2,474 USDT per coin
Why it matters: Rising ETH quantities in outstanding contracts despite falling dollar value signals position accumulation, raising the risk of further liquidations if prices keep sliding.
#ETH#BTC
Source: CryptoSlate
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