Binance Now Holds 49% of ETH Futures Open Interest, Its Highest Since 2023

Binance’s share of Ethereum futures open interest has climbed to nearly 49% across major centralized exchanges, the highest level since 2023, according to an analysis by CryptoQuant contributor Darkfost. The reading arrives even as Ether’s price has fallen roughly 10%, from about $2,775 in late September to around $2,500, and it shows leveraged traders have not walked away from the asset despite a sharp liquidation event. In a post published on X on October 12 , Darkfost traced how Binance’s notional open interest lost about $600 million during the correction, while open interest measured in Ether returned to roughly 2.46…

Source: Blockchain Reporter