ETH open interest on Binance hits nine-month high of $6.58B
- —ETH open interest on Binance rose from about $4.8B to $6.58B
- —The increase is roughly 37%, or about $1.78B in pending contracts
- —ETH trades above $2,700 as analysts watch the $3,000 area
- —The data does not confirm a dominance of longs or shorts
Why it matters: Rising open interest alongside price signals renewed risk appetite in ETH derivatives, but also raises sensitivity to sharp moves.
Source: DiarioBitcoin