Bitcoin Open Interest Stands at $7.68 Billion as Solana Open Interest Drops 4.25%

Solana (SOL) posted the steepest open-interest decline among five major crypto assets Saturday, while it and Bitcoin (BTC) shared the group’s highest funding rate in a 7 a.m. ET snapshot. Solana open interest stood at $929.5 million, down 4.25% over 24 hours. Bitcoin’s was $7.68 billion, a 0.69% decline. Both assets had funding rates of 0.0035% every eight hours, equivalent to 3.8% annualized. The snapshot was taken at 7 a.m. ET (11:00 UTC) Saturday, Oct. 17. All five assets had positive funding rates.

Source: TokenPost