Ethereum Holds $3,000 as Derivatives Liquidity Concentrates on Binance, Signaling Strategic Accumulation

TLDR: Ethereum’s stability near $3,000 shows the market absorbed deleveraging without forced liquidations. Total ETH derivatives open interest fell to $16.9B, reflecting reduced leverage across exchanges. Binance open interest remains elevated, indicating liquidity concentration on the deepest venue. Analysts view the consolidation phase as long-term accumulation ahead of a major expansion move.   Ethereum has [...]

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