Ethereum Open Interest Declines Across Exchanges, Binance Stands Out — Details

For most of the week, the Ethereum price has remained in a range-bound spell, putting in no significant movement outside of the $3,000 and $2,880 price boundaries. Amid rising speculations, an on-chain analysis has recently been put out, which provides an answer to the question.
Open Interest Across Exchanges Falls To $17 Billion
In their latest QuickTake post on CryptoQuant, analytics platform Arab Chain reveals that there has been a fall in active Ethereum derivatives contracts across major ex