The drop to ~$11.5B OI after the ~15% correction looks like classic deleveraging, and the July parallel is worth watching.
$ETH has since hovered near $2,300–2,330 with OI stabilizing around those levels on major venues Binance still dominant near 50%.
These phases often flush excess leverage before any real base forms.
$ETH has since hovered near $2,300–2,330 with OI stabilizing around those levels on major venues Binance still dominant near 50%.
These phases often flush excess leverage before any real base forms.
