ETH Open Interest Nears ATH as Spot-to-Futures Ratio Hits Record Low

Ethereum open interest has climbed close to the all-time high of 7.8 million ETH set in July 2025. At the same time, the ratio of spot trading to futures trading on Binance has dropped to its lowest annual level ever. Price Action Driven By Leverage The above data was shared by on-chain analyst Darkfost in an April 6 post on X. Per the post, Ethereum’s open interest, which had dropped to around 5 million ETH in…