Analyst says Binance ETH the share of open interest in contracts rose to nearly 49%, reaching 2023 a new high since years ago
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AT A GLANCE
Binance On major centralized platforms,ETH the share of open interest in contracts rose to nearly 49%。
Article
Binance ETH The share of open interest in contracts rose to nearly 49%, reaching 2023 a new high since
According to BlockBeats,October 12, crypto market analyst Darkfost posted that although Ethereum recently fell from 2775 USD to 2500 USD approximately, a decline of nearly 10%，Binance ETH the nominal value of contract open interest decreased by approximately 600000000 USD, when measured in ETH terms, its open interest nevertheless recovered to September levels, approximately 2460000 ETH。
October 8 to 9 During this period, the market liquidated approximately 24 within 345000000 USD hours, including ETH in long positions. However,Binance’s share of open interest in ETH contracts on major centralized trading platforms instead rose to nearly 49%, reaching a new high since 2023 years ago.
Darkfost noted that this means that although ETH prices corrected and some leveraged positions were liquidated, the amount of Binance deployed by traders in the ETH futures market did not decrease significantly, and Binance’s dominance in the ETH derivatives market increased further.
Original link https://m.theblockbeats.info/flash/371396
Key points
01
Darkfost said that ETH recently fell from 2775 USD to around 2500 USD, a decline of nearly 10%。
02
Binance ETH the nominal value of contract open interest decreased by approximately 600000000 USD。
03
Measured by ETH the number of,Binance ETH contract open interest recovered to September levels, approximately 2460000 ETH。
04
October 8 to 9 During this period, the market liquidated approximately 24 within 345000000 USD hours of ETH long positions.
05
Binance On major centralized trading platforms,ETH the share of open interest in contracts rose to nearly 49%, reaching 2023 a new high since years ago.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report stated that ETH after prices declined and long positions were liquidated,Binance the share of contract open interest still rose; measured by the number of ETH the open interest was approximately 2460000.
Why it matters to readers
If the data is accurate,ETH contract open interest became more concentrated in Binance; this share alone cannot indicate the direction of ETH prices, nor is it equivalent to Binance revenue or user growth.
This shows that when prices fall, contract open interest and platform concentration may still change, so leverage risk cannot be assessed based on price alone.
Risks and unknowns
The information comes from BlockBeats’ relay of Darkfost’s views; the original open interest and platform share data were not independently disclosed in the evidence.
The evidence does not specify the exact statistical definition or complete data source corresponding to the nearly 49%share.
The evidence cannot confirm whether subsequent data will revise this share.
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Open Interest
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