Ethereum Open Interest on Binance Hits Record High of 3.7 Million ETH

2026-06-11 14:20

Ethereum perpetual contracts on Binance have reached a record open interest of nearly 3.7 million ETH, according to CryptoQuant analyst Darkfost. Binance now accounts for over 44% of Ethereum's total open interest. This surge occurs as Ethereum's price remains about 67% below its all-time high, entering an oversold territory. Despite geopolitical tensions between the U.S. and Iran and a deteriorating economic outlook, some traders are increasing their exposure in the derivatives market. The buy/sell ratio on Binance has risen from 0.95 to 1.0, indicating a shift towards a more balanced flow of funds as investors rebuild long positions after months of seller dominance.

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