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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.

More News (BNB)

Binance co-founder warns of impersonation scam linked to CoinUp's CPX token amid price probe

Binance co-founder warns of impersonation scam linked to CoinUp's CPX token amid price probe

Binance co-founder Yi He accused Zhu Pan of impersonating her in a scam targeting crypto figure Justin Sun. CoinUp, a derivatives platform, denied Zhu Pan is part of their core team, labeling him a 'project party' linked to their CPX token. CoinUp is...

Market News
Bearish
4 hours ago
XRP network activity and sell pressure drop, signaling redistribution not sell-off

XRP network activity and sell pressure drop, signaling redistribution not sell-off

XRP has seen a sharp decline in network activity, with daily transactions falling 41% to 1.1 million and Binance deposit addresses dropping 96%, indicating reduced sell pressure. Despite the price falling from around $1.45 to $1.10, holders are not r...

Market News
Bearish
4 hours ago
ONDO expands institutional use with tokenized Treasuries, ETFs, and cross-chain trading on major blockchains.

ONDO expands institutional use with tokenized Treasuries, ETFs, and cross-chain trading on major blockchains.

ONDO is gaining traction as a key infrastructure for institutional tokenization, with major players like J.P. Morgan and Franklin Templeton using its platform to tokenize US Treasuries and ETFs. Binance has listed ONDO-backed tokenized stocks on regu...

Market News
Bullish
5 hours ago
Former Binance CEO CZ pardoned by Trump, sees AI boosting crypto growth and Bitcoin's price as undervalued.

Former Binance CEO CZ pardoned by Trump, sees AI boosting crypto growth and Bitcoin's price as undervalued.

Changpeng Zhao (CZ), ex-CEO of Binance, was pardoned by President Trump in October 2025 after serving four months in prison for inadequate anti-money laundering controls. CZ views Bitcoin's current $60,000 price as low and expects a surge driven by n...

Market News
Bullish
5 hours ago
USDC sees $336M outflow as stablecoin liquidity shifts to USDG and Tron (TRX)

USDC sees $336M outflow as stablecoin liquidity shifts to USDG and Tron (TRX)

USDC experienced a significant net outflow of $336 million as investors rotated stablecoin liquidity into USDG and Tron (TRX), indicating a shift within the stablecoin market rather than a broad crypto sell-off. Bitcoin and Ethereum flows remained ba...

Market News
Neutral
7 hours ago
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