Ethereum Open Interest Surge Hits Highest Binance Expansion Since May 2019

Ethereum has been hovering near the $2,000 level as derivatives positioning accelerates around that price. On May 28, Binance saw a 336,000 ETH rise in 30-day open interest with ETH near $1,990, alongside additional OI gains on OKX, Bybit, and Deribit that together totaled about 503,800 ETH. The same session also featured heavy sell-side pressure, with Binance cumulative net taker volume near -$744 million, complicating the signal.