ETH Open Interest has reached $30B for the first time since October 2025!

That represents nearly 12M
$ETH in exposure, while the average Long/Short Ratio across Binance, Bybit, Bitget, HTX, and Gate stands at 1.54, showing a clear predominance of Long positions.

Even if ETH moves higher, fewer positions would likely be liquidated than in a downside move, since traders are currently more heavily exposed to Longs.