$ETH Ethereum Open Interest on Binance Halves, $6.4 Billion Evaporates

Open Interest (OI) on Binance has been plummeting continuously for over three months.

🔸 Specifically, from a record high of $12.6 billion on 22/8, current OI has dropped to $6.2 billion. This means nearly $6.4 billion in derivative positions has vanished from the market, representing a massive 51% decline.

🔸 Reports suggest this drop is the result of flushing out excessive leverage and overheating speculation in the 2025 maturity derivatives market. Ethereum may be undergoing a Structural Reset far deeper than the crowd anticipates.

With massive leverage wiped out, has ETH found a solid foundation to begin a healthier new growth cycle?

News is for reference, not investment advice. Please read carefully before making a decision.