CryptoQuant: The market share of open futures contracts on Binance ETH approaches 49%
2026-10-12 20:19:38
CoinMeta data: According to analysts from CryptoQuant, Binance's market share in outstanding Ethereum futures contracts has now approached 49%, reaching a new high since 2023. Since the end of September, the price of Ethereum has fallen from $2,775 to $2,500, a decrease of nearly 10%. During this period, Binance's notional outstanding contracts decreased by $600 million, but the position size denominated in Ethereum has rebounded to the level of around 2.46 million Ether seen at the end of September. On October 8th and 9th, there was a liquidation of long positions worth $345 million within 24 hours.
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