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Binance hits record 3.7M ETH open interest as Ethereum wallets near 200M amid market uncertainty.

Technical Signals
11 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Binance has reached a new all-time high with nearly 3.7 million ETH locked in futures, capturing over 44% of global Ethereum open interest. This surge indicates renewed speculative interest despite ETH trading 67% below its peak, placing it in oversold territory. Meanwhile, Ethereum's wallet count is approaching 200 million, significantly outpacing Bitcoin's 59 million, driven by active DeFi and staking participation. Although market sentiment is cautious due to geopolitical tensions, these metrics suggest strong structural adoption and a gradual return of buyers to the ETH futures market.

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