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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)

Bitcoin holders move coins to exchanges after $89M Coldcard hack raises self-custody concerns

Bitcoin holders move coins to exchanges after $89M Coldcard hack raises self-custody concerns

The recent $89 million Coldcard hardware wallet exploit has caused many bitcoin holders, especially smaller ones, to transfer their coins back to exchanges for safety. This behavior contrasts with the post-FTX collapse trend, where investors moved fu...

Market News
Bearish
7 hours ago
BNB Chain sues ex-employee for using tutorial wallet seed phrase to launch ASTEROID token.

BNB Chain sues ex-employee for using tutorial wallet seed phrase to launch ASTEROID token.

BNB Chain is taking legal action against a former employee accused of reusing a tutorial wallet's seed phrase to create and launch the ASTEROID Memecoin. The employee allegedly retained unauthorized access to the wallet after leaving the company and ...

Market News
Bearish
19 hours ago
Coldcard bitcoin theft hits $88M as stolen coins move to exchanges and dormant wallets activate

Coldcard bitcoin theft hits $88M as stolen coins move to exchanges and dormant wallets activate

A suspected third wave of bitcoin theft linked to a Coldcard firmware vulnerability has resulted in about 1,367 BTC stolen, worth roughly $88.6 million. The theft occurred in three waves between July 30 and August 1, with the latest wave using comple...

Market News
Bearish
21 hours ago
Ex-BNB Chain employee creates and dumps $ASTEROID token, making $638K from $10K investment.

Ex-BNB Chain employee creates and dumps $ASTEROID token, making $638K from $10K investment.

A former BNB Chain employee launched a meme token called $ASTEROID, buying nearly 80% of its supply for about $10,000 using four new wallets. The token's market cap surged to nearly $10 million before crashing over 50% in 20 minutes. The employee sol...

Market News
Bearish
1 day ago
BNB Chain sues ex-employee for unauthorized launch of Asteroid Shiba token.

BNB Chain sues ex-employee for unauthorized launch of Asteroid Shiba token.

BNB Chain is taking legal action against a former employee who retained unauthorized access to a company wallet's seed phrase and used it to launch the Asteroid Shiba token without approval. The token, which quickly gained millions in market cap and ...

Market News
Bearish
1 day ago
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