The post ETH open interest on Binance extends its decline appeared on BitcoinEthereumNews.com.

ETH open interest is struggling to recover since October 10. The recent deleveraging is part of a longer process, with significant outflows of open interest on Binance.  ETH open interest on Binance slid by 51% in the past three months, following the crash of October 11. Since then, open interest has made attempts to recover on other exchanges. On Binance, ETH open interest continued to decline, evaporating nearly $6.4B in positions in the past three months.  ETH open interest declined on Binance, erasing 51% in the past three months as Ethereum started unwinding from its most speculative period in its trading history. | Source: CryptoQuant. The recent shift in open interest signals at a market reset and a re-evaluation of Ethereum’s potential. The past year turned into the most speculative period for ETH, raising open interest on Binance to a peak at $12.6B in August.  Ethereum entered its most speculative period in history Ether got a boost from robust ETF interest, the growth of the L2 economy, and the continued recovery of DeFi, staking, lending, and stablecoin transfers. However, ETH failed to break out to a higher market range, and only triggered a short altcoin season.  After an aggressively bullish period, ETH built a less sustainable market structure, which started unwinding with signs of a bear market. ETH briefly switched to spot trading as a compensation for weakening open interest, but the trading failed to sustain the market price.   For years, ETH traded as a utility token, while most of its projects were small-scale or experimental. The confidence that Ethereum could become a global settlement platform for finance set expectations that the ETH token may be more valuable.  Speculative open interest rode on the back of the bullish conviction, but quickly unraveled when ETH failed to rally. Other exchanges also…

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Filed under: News - @ December 2, 2025 10:25 am