Binance has once again proven its dominance in the crypto market with record-breaking Open Interest (OI) figures and a strong performance above its 50-day Simple Moving Average (SMA50). The total OI across all exchanges has reached $31.4 billion, with Binance leading at $11.7 billion, representing 37% of the market. Historically, Binance's OI data and SMA50 have been pivotal in determining market trends. Currently, Binance’s OI is trading above its SMA50, indicating strong support for the ongoing bull rally. This provides a $2.2 billion cushion against potential corrections, reinforcing Binance's market leadership.