Ethereum Derivatives Market Contracts Sharply as Macro Pressures and Geopolitical Risks Drain Risk Appetite

TLDR: Ethereum open interest in ETH terms fell from 7.79M to 5.8M across all major derivatives exchanges. Binance notional open interest dropped from $12.6B to $4.1B, yet still holds nearly 35% of total market share. Core PPI rose 0.8% month-over-month, reducing Federal Reserve rate cut expectations and pressuring risk assets. Bybit and Gate.io both recorded [...]

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