Bullish
ETH Total Network Contract Open Interest Drops 5.41% in 24 Hours
2026-07-28 12:42:04
ETH futures open interest fell 5.41% to $26.536B in 24 hours. Binance leads with $6.531B, followed by Gate, Bybit, and OKX, indicating a broad deleveraging trend across major venues.
Woofun AI data shows that total ETH contract open interest declined by 5.41% over the last 24 hours, settling at $26.536 billion. Binance accounts for $6.531 billion of this total, while Gate holds $2.363 billion, Bybit maintains $1.687 billion, and OKX records $1.592 billion.
WOOFUN AI
Impact Assessment · Quick Read
The 5.41% drop in ETH open interest signals a reduction in leveraged exposure across the network. With Binance holding the largest share, the deleveraging appears concentrated on the leading venue. This contraction may reduce immediate liquidation cascades but suggests traders are scaling back speculative positions.
Generated by WOOFUN AI · For reference only, not investment advice
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