burakkesmeci2025-09-16

Is Binance ETH OI Pointing to a New Local Bottom: Correction Exceeds 8%?

On the Binance ETH OI (hourly timeframe) metric, local bottoms have formed with an average decline of 14.9% over the past 3 months. On the spot side, these corrections correspond to around 10.7%. In other words, drops in OI have signaled spot price corrections ahead of time. Data: Aug 17, 2025 → from 11.4B to 10.2B (-10.52%) Aug 20, 2025 → from 13B to 9.7B (-25.38%) Sep 13, 2025 → from 11.39B to 10.4B (-8.69%) So, we can say this: when spot price rallies are supported by the futures side, the trend progresses more healthily — just like a plane flying with two wings. In the opposite scenario, OI signals potential corrections. Binance ETH OI (measured on the highest-volume exchange, acting as a leading indicator) gives us a chance to catch local bottoms early. As a result, based on the data, we can anticipate that Binance ETH OI may ease down to 9.69B. This suggests that we are currently in the local bottom zone, but ETH spot price could weaken a bit further before finding its local bottom. The futures side is almost “cooled off,” and we may be looking at an ETH preparing for the next leg of the rally.