Binance’s Ethereum perpetual futures open interest reached a record nearly 3.7 million ETH, according to Darkfost, with the exchange’s share of total ETH open interest rising above 44%. The buildup came with ETH still trading about 67% below its all-time high, while Binance’s weekly average taker buy/sell ratio rose from 0.95 to 1.0, suggesting rebalancing after months of seller dominance. The figures reinforce Binance’s central role in Ethereum derivatives activity and point to a market where positioning remains heavy even as order flow shows signs of stabilizing.