Bitcoin Leads Five-Coin Snapshot With $7.63B in Open Interest
Photo: TokenPost
Bitcoin (BTC) had the largest open-interest total among five crypto perpetual-futures markets in a snapshot taken at 7:04 p.m. ET Oct. 26 (23:04 UTC). Solana (SOL) had the biggest 24-hour increase, while Ether (ETH) had the highest share of long accounts. Open interest is the combined value of derivatives positions that have not been closed. All five assets had positive funding rates, which means traders with long positions pay traders with short positions. BTC, SOL and XRP each had a funding rate of 0.0100% every eight hours, equivalent to 10.9% annualized.
Source: TokenPost
