Ethereum Futures Open Interest Hits Record on Binance

The Ethereum open interest on Binance has reached an all-time high of 3.7 million ETH, according to CryptoQuant analysts.

This milestone represents a significant increase in investor enthusiasm for Ethereum derivatives, with Binance now holding over 44% of the market share.

Santiment reported that trading volumes across major cryptocurrencies have fallen to their lowest level since mid-2024, indicating a loss of investor confidence and interest.

However, analysts believe that this low activity may precede a relief rally, as historically, strong crypto market recoveries often begin after periods of minimal trading activity and low investor interest.