• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum on Binance: Open Interest Reaches $10 Billion

user avatar

by Giorgi Kostiuk

2 hours ago


Ethereum's open interest on Binance has surged past $10 billion, indicating growing trader activity and the potential for a short squeeze.

Sharp Rise in Open Interest on Binance

Open interest for Ethereum has reached $10 billion, signaling significant inflows into the derivatives market. The rise in open interest indicates heightened trader activity which may impact price fluctuations.

Surge in Short Positions

There has been a 500% increase in market-wide short positions since November 2024, with a 40% rise in just the last week. Such rapid buildup of short positions can lead to a short squeeze if Ethereum's price begins to rise.

Unpredictability for Ethereum

The combination of record-high open interest and an increase in short positioning presents a volatile scenario for Ethereum. Should market sentiments turn bullish, conditions might be ripe for a short squeeze.

By monitoring key price levels and funding rate shifts, traders may better prepare for sudden market changes affecting Ethereum.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Analyzing PEPE, Uniswap, and BlockDAG: Trends and Insights

chest

Explore the cryptocurrency landscape: an analysis of PEPE, Uniswap, and BlockDAG, highlighting price dynamics and future prospects.

user avatarGiorgi Kostiuk

Bitfarms Achieves Success in BTC Sales with Record Revenue in Q2

chest

Bitfarms reports significant BTC sales, reaching $100 million in revenue in Q2 2023, strengthening its market position.

user avatarGiorgi Kostiuk

The Smarter Web Company Invests £26.3 Million in 295 BTC

chest

The Smarter Web Company continues to grow its Bitcoin investments, acquiring 295 BTC for £26.3 million.

user avatarGiorgi Kostiuk

Coller Capital and TPG: $3 Billion Private Credit Deal

chest

Coller Capital and TPG Twin Brook Capital Partners reported a $3 billion private credit deal, but confirmation is still pending.

user avatarGiorgi Kostiuk

OSL HK Expands Retail Trading to Include Solana

chest

OSL HK gains SFC approval to launch Solana trading, offering new pairs SOL/HKD and SOL/USD.

user avatarGiorgi Kostiuk

Bithumb Limits Lending Conditions Amid Regulatory Push

chest

Bithumb has cut borrowing leverage and loan limits following low lending volume and regulations.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.