Binance ARB futures open interest drops 9% in 24 hours
- —Binance ARB/USDT futures OI at $37 million, down 9% in 24 hours
- —Contract price fell 6.7% to $0.1537
- —Later data showed OI at -14.8% to $37.5 million, price $0.1616
- —Figures cover only Binance's ARB/USDT pair, not the whole market
Why it matters: Falling open interest alongside a lower price points to position unwinding and risk reduction in ARB futures rather than fresh selling pressure.
Source: TokenPost