BTC open interest dipped marginally while ETH saw a sharper drop, reflecting changing trader sentiment across leading exchanges in the derivatives market.
Bitcoin (BTC) total open interest previously declined 0.2% to $52.357 billion, while new data shows Ethereum (ETH) open interest fell 4.88% to $26.65 billion over the past 24 hours, according to CoinGlass. Current ETH positions include $4.446 billion on Binance, $2.789 billion on Gate, and $1.618 billion on Bybit, indicating a reversal from earlier growth in ETH derivatives activity.