Ethereum overtakes Bitcoin in open interest on Hyperliquid
Ethereum (ETH)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Ethereum has surpassed Bitcoin in open interest on the Hyperliquid platform. This shift in trader sentiment highlights potential risks associated with decentralized platforms. The observation was originally published by Crypto Briefing. The data signals a change in how traders are positioning their assets on the exchange.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Whalio's Binance spot data shows Ethereum trading at $2,688.71 with a 1-hour buy ratio of 47.7% and a 4-hour buy ratio of 52.6%. These short-term figures contrast with the 24-hour buy ratio of 46.2%, suggesting that immediate buying pressure is fading relative to the broader daily trend. The 1-hour volume delta is negative at -$3,671,157, indicating that sellers are currently overpowering buyers in the short term. However, the 4-hour volume delta is positive at +$8,452,998, showing that buying pressure has been building over the last four hours. The 24-hour volume delta is deeply negative at -$58,063,058, meaning that over the last day, more money has flowed out of spot markets than into them. Net buying occurred for only 10 out of the 24 hours, confirming that selling pressure dominated the day.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 48.8%, compared to a latest day ratio of 46.2%, a difference of 2.5 points. This indicates that today's buying activity is slightly weaker than the weekly norm. Volume was 1.03x the average, showing normal trading activity levels. Net buying occurred on only 2 of the 7 days, and the price dropped 3.2% over the 8-day period. The 8-day total volume delta was -$87,545,666, reflecting a consistent outflow of capital that aligns with the recent daily negative delta.