Ethereum Futures Open Interest Holds Above $30 Billion
Ethereum’s futures market isn’t exactly running short of ammunition. Current Coinglass figures show 12.63 million $ETH in outstanding futures contracts, valued at $30.59 billion, even after aggregate open interest slipped 0.42% over 24 hours. Open interest measures contracts that remain active rather than completed trades, making it a useful gauge of how much speculative money is still in the game.
The centralized exchange (CEX) Binance leads the exchange rankings with $8.73 billion in ethereum futures open interest (OI), representing 28.55% of the total. MEXC follows with $3.25 billion, narrowly ahead of CME’s $3.24 billion. The perps decentralized exchange (DEX) Hyperliquid carries $2.61 billion, Bybit holds $2.15 billion, and Bitget accounts for another $2 billion. That’s a tidy sum spread across traditional and crypto-native trading venues.
Ethereum Liquidations Put Leveraged Bulls on Notice
The exchange-level action tells a less comfortable story. MEXC’s ether OI climbed 6.49% over 24 hours, while Bitget gained 1.22%. Meanwhile, Bitunix shed 11.27%, BingX declined 7.57%, and Hyperliquid slipped 1.70%. CME recorded a 1.11% contraction, suggesting traders weren’t uniformly eager to increase exposure.
