The Ether factory rebounded in early July, driving empty settlements on Binance to its highest level since 2022. The data also show that the market leverage position has shrunk significantly in recent fluctuations, resulting in increased trading activity.
Unsettled contracts have fallen significantly
The unsettled ETA contract fell from a high of $33.9 billion in October 2025 to $11.2 billion. During the same period, ETH prices also fell from around $3200 to around $1,500.
Leverage leveled.
This group of changes suggests that a number of leverage traders have been forced to settle down in recent fluctuations. The concentration of empty liquidations also reflects the repositioning of the market at the rapid rebound stage.
Volatility remains the focus of attention
It was mentioned that, if fluctuations continued to increase, the level of liquidation would remain an important indicator of the dynamism of transactions and changes in market hold.