Binance's Ethereum futures open interest share hits 49%, highest since 2023
- —Binance's ETH futures OI share is about 49%, the highest since 2023
- —ETH fell from $2,775 to $2,500, down roughly 10% since late last month
- —Binance's dollar-denominated OI fell about $600 million over the same period
- —$345 million in ETH longs were liquidated on Oct 8–9, yet OI in ETH rebounded to 2.46 million
Why it matters: Concentration of futures interest on a single exchange raises the risk of sharp ETH price swings during liquidation cascades.
Source: Bloomingbit
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