Ethereum options open interest reaches $6.03 billion

Ethereum options open interest reached $6.03 billion as of October 10, representing a 4.45% decrease from the previous day. Despite the contraction in overall positioning, the market maintains an upside tilt, with calls accounting for 61.29% of open interest and 65.72% of 24-hour trading volume.

On Binance, Ethereum futures open interest in ETH units rose by 2.27% over a 48-hour period ending October 8, even as its USDT-denominated value fell by 6.58%. This divergence highlights a distinction between the quantity of outstanding exposure and its total market valuation during price fluctuations.