Ethereum Derivatives Open Interest Drops To $16.9 Billion As Binance Holds $7.5 Billion

Throughout most of the recent trading week, Ethereum has traded within a tight band between $3,000 and $2,880 while derivatives activity has cooled. On-chain data cited by Arab Chain shows total Ethereum open interest across major exchanges has fallen to about $16.9 billion, the lowest since mid-December, even as Binance alone maintains roughly $7.5 billion. With leverage declining and Ethereum near $3,000, the market appears to be absorbing deleveraging with limited selling pressure, while large traders concentrate positions on the most liquid venue.