A significant decrease in open interest for Ethereum suggests potential forced liquidations following a substantial market correction.

Ethereum Derivatives Market Contraction

A significant decline occurred in the Ethereum derivatives market on October 10, 2025. This event is being described as a record single-day contraction in ETH derivatives.

Open Interest Decline

The open interest, representing the total value of outstanding contracts, decreased substantially. It fell from $28 billion to $19 billion during this period.

Liquidation Impact

This substantial decrease triggered widespread liquidations, resulting in billions of dollars being wiped out across the derivatives market.