Ethereum Derivatives Flash Mixed Signals as Bulls Hold the Edge
- —Ethereum futures OI is $30.59 billion, down 0.42% over 24 hours
- —Binance holds $8.73 billion (28.55%), MEXC $3.25 billion, CME $3.24 billion
- —Calls total 1.59 million ETH versus 983,689 ETH in puts (61.75%)
- —Dec. 25 max pain: Deribit $2,200, OKX $2,300, Binance $2,500
Why it matters: A call-heavy options book alongside positive funding and long liquidations shows bulls lack control of the futures market.
Source: Bitcoin.com