Investor behavior on Binance is an important indicator, with the highest trading volume in the market.

Currently, traders on Binance are showing a negative trend towards Ethereum. Open interest continues to decline and is now below the 365-day moving average.

From a peak of $7.78 billion on December 16, open interest has decreased by more than 50%, losing nearly $4 billion in just four months!

This decline significantly impacts Ethereum's price, and the downward trend shows no signs of slowing down.

This reflects higher risk aversion from investors and recent levels of liquidation.

Ethereum is far from achieving stability if this trend continues.