Ether Open Interest Leads Five-Asset Decline With 9.27% Drop
Photo: TokenPost
Ether (ETH) open interest fell 9.27% to $5.20 billion in the 24 hours ending at 6:01 p.m. ET Nov. 5, the largest drop in a snapshot of five major crypto perpetual-futures markets. Open interest, the value of derivatives contracts that remain open, declined for Bitcoin (BTC), Ether, Solana (SOL), XRP and Dogecoin (DOGE). Bitcoin, Ether and XRP each had funding of 0.0100% every eight hours, equivalent to 10.9% annualized. At positive rates, traders with long positions pay those with short positions. Bitcoin had a $75,604 mark price and $7.19 billion in open interest, down 7.24% over 24 hours.
Source: TokenPost
