ETH contract 24-hour open interest decreases by 5.26%, with leading exchanges still holding dominance

2025-12-16 07:48:10

【Bi推】According to on-chain data platform statistics, the ETH contract market has recently experienced a significant adjustment. In the past 24 hours, the total open interest of ETH contracts across the entire network has fallen from recent highs, with a daily decrease of 5.26%. Currently, the total open interest remains stable at $37.482 billion.

From the distribution of open interest on major trading platforms, a leading exchange still holds a dominant position with an open interest of $7.768 billion, accounting for the largest market share. The other two major platforms have open interests of $2.587 billion and $2.155 billion respectively, and the combined open interest of these three platforms accounts for nearly one-third of the market.

This decline in open interest not only reflects recent fluctuations in market risk appetite but may also indicate that some leveraged positions are taking profits. Moving forward, it is also necessary to monitor whether BTC’s trend can stabilize to better understand the true direction of the ETH contract market.

ETH0.26%

BTC-0.39%

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MechanicalMartel

· 12-18 17:35

The leading exchanges are monopolizing so much, something's bound to go wrong. --- Profit-taking again. Why do I feel like this wave has just begun? --- 374 billion is such a small scale? Feels like it's much less than last week. --- If BTC drops, ETH will definitely dump too. Betting half my monthly salary. --- One-third of the holdings are on the three major platforms. The level of centralization is outrageous. --- If it declines, so be it. It's not too late to re-enter when risk appetite recovers. --- I just want to know who the 7.7 billion is being accumulated by—are they bottom-fishing or fleeing? --- Honestly, watching BTC is more reliable than watching ETH's holdings data. --- Another frustrating adjustment day, got me completely trapped. --- The leverage liquidators have finally learned to cut losses.

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LayerHopper

· 12-17 15:33

They're running again. This time, it's really time to see if BTC can hold steady. The leading exchanges have taken on so much capital; the risk is also high. This 5.26% dip probably caused quite a few leveraged liquidations. It seems the market is just waiting for a signal from BTC. No matter how ETH is manipulated, it still follows. One-third of the holdings are concentrated in three exchanges, which is a bit risky.

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BlockchainBard

· 12-16 08:13

Starting to dump again, the leading exchanges are really eating well. Those chasing quick profits are all running, we'll see who gets trapped last. If BTC can't hold up either, ETH will directly take over. After this drop, a bunch of people will be crying in regret, really. The futures market is just like this, big players cut off small investors and it's over.

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gas_fee_therapist

· 12-16 08:13

Another round of sell-off? The leading exchanges are still holding on tightly, retail investors have already run away. The recent drop in ETH feels like someone is quietly closing positions. 374 billion in holdings sounds like a lot, but in reality, the top exchanges hold the power, and that's outrageous. A 5.26% loss in a day—how many people got margin called, I can't even imagine. Betting on BTC to stabilize? Well, this is true gambling, haha. One-third of holdings are concentrated in three firms? The market is truly monopolized to death. A decline in holdings isn't necessarily a bad thing; it could mean some investors are waking up. Taking profits, huh? That means a drop is coming, it's time to face the music.

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SnapshotDayLaborer

· 12-16 08:12

It's happening again, another run. What's so surprising about this 5% drop? Having one dominant exchange really is annoying; that's the real big problem. Those with leveraged liquidation, take profits and exit, just watch if BTC will step in to absorb the sell-off. A third of the holdings are concentrated, how terrifying is that? The market is dreaming. Let's see how BTC will save the day.

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DevChive

· 12-16 08:07

It's starting to run again, alright then. Dump? Or taking profits? Anyway, I'm trapped. The leading exchanges are making money, we're just getting the broth—that's the reality. When it drops, we ask BTC; when it rises, we ask BTC. Is BTC really that important? Feels like it's about to break the level again, so exhausting.

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PretendingSerious

· 12-16 08:00

The major exchanges are once again harvesting retail investors' chips, with 5.26% evaporating overnight. This pace is a bit ruthless. If BTC can't stabilize, ETH will really have to go to hell. Such a high concentration of holdings, frankly, means the whales are playing. One-third of the chips are in their hands; no matter how you play, it's a winner-takes-all game. Taking profits? I think it's panic selling, it's too obvious.

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