Binance ETH Open Interest Surges to $7.1B as Ethereum Breaks $3,100

TLDR: Binance ETH open interest jumped from $6.2B to $7.1B within 24 hours during price breakout above $3,100 Cumulative Volume Delta indicates most new positions were aggressive long entries using market orders Short liquidation cluster at $3,100 was eliminated, triggering squeeze effect that accelerated upward move Leverage-driven rally presents both opportunity and risk as funding [...]

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