According to Cas Abbé, ETH is undergoing a significant outflow from derivatives exchanges, which typically indicates a reduction in selling pressure and the closing of leveraged positions. This trend follows a sustained downtrend since December 2024, attributed to massive short selling.

According to @CCData_io, in July, open interest on a selection of leading derivatives exchanges fell by 0.60% to $46.8 billion. Binance experienced a decline of 4.35% to $18.6 billion, while OKX saw a slight increase of 1.02% to $12.7 billion. Bybit's open interest rose by 4.21% to $6.45 billion, and Bitget's increased by 1.67% to $8.89 billion.

According to @CCData_io, $DOGE, $PEPE, $WIF, and $BONK were among the top 10 derivative instruments by open interest on six major derivatives exchanges yesterday. This trend highlights the substantial growth in liquidity for memecoin pairs on centralized exchanges, driven by significant increases in trading volumes and open interest.