According to monitoring by Arab Chain, the ETH Open Interest 30D (Change of ETH) indicator shows significant recent changes in the structure of Ethereum derivatives market open interest: Binance increased by approximately 11,400 ETH, Bybit increased by about 2.51 million ETH, indicating a continuous inflow of liquidity, which is more reflective of liquidity redistribution rather than a full-scale outflow. Bitfinex decreased by approximately 35,700 ETH, Kraken decreased by about 4,300 ETH, and Gateio showed relatively limited changes, reflecting weaker trading activity on some platforms or a decline in risk appetite. Overall, the market is in a cautious adjustment and repositioning phase, with some traders closing positions to reduce risk, while others are opening new positions on specific platforms. Open interest remains high or continues to rise, suggesting that liquidity inflows into the derivatives market are ongoing, supporting the stability of Ethereum's upward trend rather than short-term volatility. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=58295