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Ethereum open interest plunges 69% since Aug 2025 amid market retreat, Binance gains over 40% market share.

Market News
23 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Ethereum's open interest in derivatives has sharply declined from $33.1 billion in August 2025 to $10.4 billion, a 69% drop driven by forced liquidations, falling prices, and position closures. Binance now leads with $4.2 billion in open interest, capturing over 40% of the shrinking market share as other exchanges lose assets faster. Ethereum's price has fallen over 8% in the past week, but technical analysts note a potential bounce with the first green weekly candle after nine weeks of losses, though a confirmed breakout is needed for a sustained recovery. The derivatives market remains a key indicator for risk appetite and future price trends in Ethereum.

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