Binance Sees Decline in Ethereum Open Interest as Price Struggles Amid Resistance

Ethereum’s price recently attempted a rebound to the $1,600 level but faced strong resistance, leading to a sharp drop to $1,450. This persistent weakness in 2025 has eroded investor confidence, resulting in increased selling pressure. Bearish sentiment is particularly pronounced on Binance, the world’s largest crypto exchange, as noted by on-chain expert Darkfost. The decline in open interest on Binance further highlights the growing caution among traders regarding ETH’s near-term prospects.

Ethereum’s Open Interest Declines on Binance, Price Faces Resistance

After a slight rebound to the $1,600 threshold, Ethereum’s price faced notable resistance, leading to a sudden breakdown to $1,450. The persistent weak performance of ETH this year has impacted investor conviction, triggering significant selling pressure. The bearish sentiment toward Ethereum has increased, especially on Binance, the world’s largest cryptocurrency exchange. Verified author and on-chain expert Darkfost revealed that ETH’s Open Interest (OI) on Binance continues to see a steady decline, indicating that ETH’s derivatives market is cooling down and reflecting rising caution among traders.

Solana Whale Moves 71K SOL to Binance, Raises Short-Term Correction Concerns

A large Solana [SOL] whale has sparked fresh speculation after unstaking and depositing 71,448 SOL—worth approximately $8.54 million—to Binance. This move comes amid growing concerns about increased sell pressure from major holders across the Solana network. At press time, SOL was trading at $107.32, reflecting a 1.08% decline in the past 24 hours. In addition, more than 149,000 SOL have been offloaded by other large holders over the last 24 hours. Despite this notable withdrawal, the same whale still holds 568,000 SOL. Technical indicators hint at a potential recovery, but weak sentiment and low social buzz are keeping traders cautious.