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Ethereum open interest drops to 4-month low amid deleveraging and bearish pressure

Market News
10 Jun 2026
Finbold
View Source
Bearish
pluang ai news

Ethereum's open interest in futures has fallen to $23.3 billion, the lowest in four months, signaling a deleveraging phase. This decline follows a peak in May and coincides with Ethereum's price dropping to around $1,511, its lowest this year. The shift reflects reduced investor interest as capital flows move towards the oversubscribed SpaceX IPO. Negative funding rates indicate bearish sentiment, but spot demand led by BlackRock suggests a potential rebound if selling pressure eases.

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